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Testimony of Registered Investment Advisor MJM401k to ERISA Advisory Council Meeting on Fee Disclosure (PDF)
Michael J. Malone of MJM401k
[Opinion] Sept. 21, 2007 "There are numerous examples of plans properly using revenue sharing payments with the sole interests of their participants at heart, and where these payments have been used to provide good plans to participants at a reasonable price. However, due to its opaque nature, revenue sharing easily can also be used to facilitate the payment from a plan of an unreasonable fee. Suffice it to say that, sadly, I have seen a number of examples[.]" MORE >> |
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