"Due to 401(k) rollovers, IRAs have become the biggest form of retirement savings. But IRAs tend to have higher fees, partly because commissions -- such as 12b-1 fees -- encourage broker-dealers to sell more expensive mutual funds. 12b-1 fees would have been eliminated under a 2010 Department of Labor reform proposal ... [which] would produce only modest benefits and, despite industry concerns, would create little harm. Bolder reforms merit consideration, such as keeping savings in 401(k)s, extending 401(k) protections to rollover IRAs, and limiting fees in both accounts."  MORE >>