Excerpt: Many employers don't realize their broker or agent--to which they may be paying big commissions that are typically netted out of the returns of their 401k investment funds--don't provide their workers with investment advice. Brokers or agents, unless they're willing to be co-fiduciaries, simply hand out enrollment literature and wish employees good luck at being their own chief investment officers. In the securities industry this is called investment education, not investment advice.  MORE >>