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High Fees Flourish When Good 401(k) Advisors Do Nothing
401(k) Specialist
[Opinion] Aug. 22, 2017
"The financial media's focus is on the suspension and delay of the [DOL's] fiduciary rule, but tort lawyers are going full out on class action claims against plans that have ... allowed high fee investment options to remain on their platforms while the plan would qualify for lower-cost alternatives. In so many cases, plans now qualify for lower-fee share classes from the exact same provider. As is almost always the case with situations like these, plan sponsors don't know -- or haven't asked -- and the plan's broker doesn't tell."
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