Groom principal Kevin Walsh was quoted in the PLANSPONSOR article, “Ahead of Executive Order, What to Know About Private Equity in 401(k) Plans,” where he addressed the potential shift toward broader inclusion of private equity investments in defined contribution plans.
According to PLANSPONSOR, Walsh said that “the threat of litigation is already significant.”
“The 401(k) marketplace is already haunted by litigation, so it’s not as though adding alts is the thing that’s going to make this a litigious area,” he said.
“It’s better to take a higher-fee option if it was going to get a better outcome, instead of a lower-fee option that’s going to lead to a worse outcome,” added Walsh.
To read the article, click here.
