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Wise Cracks Commentary with Dan and John: How the Grinch Stole the 403(b)
403bwise 
[Opinion] Dec. 14, 2004
Excerpt: Every 403(b) investor liked no-load mutual funds a lot...But the Grinch,Who served as benefits director,Did NOT!The Grinch hated no-load mutual funds! To him they amounted to treason!Now please don't ask us why. No one quite knows the reason.It could be his head wasn't screwed on just right.It could be perhaps, that his shoes were too tight.But we think that the most likely reason of allMay have been that his brain was two sizes too small.
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