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.
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