Abacus Retirement Solutions, LLC
Carpenter Morse Group Inc.
Orange County Employees Retirement System
Tycor Benefit Administrators, Inc.
Wespath Benefits and Investments
Nicholas Pension Consultants
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|Data Show Declining Stock Mutual Fund Management Fees|
The Washington Post; subscription may be required
Sept. 19, 2005
Excerpt: Americans who own U.S. stock mutual funds are paying about 6 percent less in annual management fees than they did before New York Attorney General Eliot L. Spitzer began his assault on industry-wide trading abuses. Today, holders of actively run U.S. stock funds overseen by the 100 biggest fund companies pay an average $9.80 for every $1,000 invested, down from $10.40 two years ago, according to data compiled by Chicago-based Morningstar Inc.
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