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Are 401(k)s Too Complex?
U.S. News & World Report Link to more items from this source
[Opinion]
May 29, 2012

"[The] GAO found that the plans' often convoluted fee arrangements are so complicated that even many employer sponsors don't understand them well enough to provide guidance to their employees.... [Firms] that administer the plans sometimes get paid by the funds that they offer as 401(k) investment choices. This is not considered a bribe, for reasons that escape me. Instead, it's an accepted part of the business. And the fees have been opaque to investors, even though they wind up paying them."

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