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3.5 Billion Reasons Why Your 401(k) Plan Is a Loser
The Huffington Post 
[Opinion] July 21, 2011 A recent Barron's article discussed the estimated $3.5 billion paid by mutual funds to brokers, insurance companies and other advisers to 401(k) plans. These payments are euphemistically called 'revenue-sharing.' In reality, they are legal bribes paid to plan advisers, who extract them as the cost of letting these funds gain admission to the investment options in the 401(k) plan. MORE >> |
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