Thu, May 28, 2026 at 8:54 AM UTC
In this episode Jeff interviews Chris Tobe, CFA, CAIA, about the biggest ERISA and retirement-plan risks today: low‑paying fixed annuities that hide large undisclosed insurer spreads, heavy private‑credit exposure inside insurance general accounts, and the hidden fiduciary pitfalls of contract‑based investments (annuities, private equity, crypto). They explain why mid‑sized plans are especially vulnerable, why target‑date funds deserve careful “under the hood” due diligence—especially as providers migrate to lightly regulated state CITs—and what fiduciaries and advisors should watch for to reduce litigation risk. Plus: a quick look at Chris’s new documentary, Pension Fight Club, which exposes secrecy and hidden fees in public pensions.
