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401(k) Letters Could Expose the Worst Retirement Plans
Forbes; subscription may be required Link to more items from this source
July 24, 2013
"If a draft paper [Yale professor Ian Ayres] co-authored with Quinn Curtis, a law professor at the University of Virginia, is any indication of the things to come in his research, the news is pretty dark for companies that have excessive plan fees. Using a legal argument that overpriced plans are breaching an employer's 'fiduciary duty,' Ayres and Curtis examined 'fiduciary losses,' that is, situations in which the employer wasn't looking out for the best interests of employees. Some 60 percent of such losses were due to 'excess fees.'"

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