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Fiduciary Responsibility and Mutual Fund Fees
Brian Menickella, co-founder of The Beacon Group of Companies, via Forbes; subscription may be required Link to more items from this source
Sept. 5, 2019

"While 401(k) fees have decreased in recent years because of litigation and various Department of Labor (DOL) regulations, mutual funds can still charge indirect fees that DOL would deem unreasonable. Unfortunately, fiduciaries with little knowledge regarding fee structures may authorize a plan to charge fees, decreasing participant balances. Providers of 401(k) plans don't have that responsibility, and employers are often left responsible for failing to choose the lowest-priced share class available."

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