Middlemen Take Big Bite of 401(k)s: Overcharges Often Top 100 Percent or More

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11/28/2006: Middlemen Take Big Bite of 401(k)s: Overcharges Often Top 100 Percent or More (Bloomberg News via Worcester Telegram & Gazette)

Excerpt: In what is unfolding as a new era of disclosure, employees will discover that several third parties are reaping profits and passing along their expenses in the form of higher annual expense ratios on 401(k) mutual funds. That reduces total investment returns.

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