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Investment consultant urges diversification; board receives report
Summary
ACG consultant Jason Pulos briefed the Oklahoma City Deferred Compensation Board on market volatility, long-term returns and the plan lineup; the board voted to receive the report with no recommended immediate changes.
Jason Pulos, an investment consultant with ACG, told the Oklahoma City Deferred Compensation Board on May 21 that recent market volatility underscores the importance of offering diversified options for participants and maintaining qualified default options.
"As fiduciaries for a defined contribution plan or participant directed plan, your objective is to make sure that there are a diversified set of options for the participants to build, their own asset…
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