U.S. Lawmaker Says Congress Should Examine 401(k) Fees
Rep. George Miller of California, next Chairman of the House Education and Workforce Committee, plans to initiate Congressional hearings on the subject of excessive fees in 401(k) plans.
"Evidence points overwhelmingly to the conclusion that active management of assets fails to produce satisfactory results for individual investors... Index funds provide a clearly superior alternative." -- David F. Swensen, Yale University, Chief Investment Officer
Rep. George Miller of California, next Chairman of the House Education and Workforce Committee, plans to initiate Congressional hearings on the subject of excessive fees in 401(k) plans.
Lynn O'Shaughnessy details the responsibilities of the employer when providing a 401(k) plan to its employees.
Jeff Brown explains the elements of a good 401(k) plan, such as the inclusion of low-cost investment choices and access to independent advice regarding investment selections by the participants.
Ashlea Ebeling of Forbes explores the recent wave of lawsuits against 401(k) plans for breach of fiduciary duty because they include excessive investment fees and expenses paid by the participant employees.
Lynn O'Shaughnessy explains how traditional mutual fund fees and revenue sharing can do extensive damage to your 401(k) retirement savings.