JourneyOfLife
01-14-2014, 11:58 AM
IMO, it is about time. :a040:
Most companies have shifted their employees to Defined Contribution plans, yet many have failed to include low cost investment options.
It is really prevalent with companies that are in the financial services industry... often only (or mostly) offering their own high cost funds!
Talk about conflict of interest!
Analysis: Latest 401(k) lawsuit highlights ongoing fee concerns | Reuters (http://www.reuters.com/article/2011/10/04/us-retirement-fundlawsuit-idUSTRE7935DH20111004)
The Coming 401(k) Lawsuits - Forbes (http://www.forbes.com/sites/feeonlyplanner/2013/12/03/the-coming-401k-lawsuits/)
Most companies have shifted their employees to Defined Contribution plans, yet many have failed to include low cost investment options.
It is really prevalent with companies that are in the financial services industry... often only (or mostly) offering their own high cost funds!
Talk about conflict of interest!
Analysis: Latest 401(k) lawsuit highlights ongoing fee concerns | Reuters (http://www.reuters.com/article/2011/10/04/us-retirement-fundlawsuit-idUSTRE7935DH20111004)
The Coming 401(k) Lawsuits - Forbes (http://www.forbes.com/sites/feeonlyplanner/2013/12/03/the-coming-401k-lawsuits/)