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The Retirement Plan Industry's Troubling Framework
W. Scott Simon, in Morningstar Link to more items from this source
[Opinion]
Apr. 23, 2020

"If an insurance company (or other kind of recordkeeper, for that matter) and their employees happen to educate, inform, or help participants, that's fine and wonderful, but it's merely a byproduct of the sole reason for the existence of an insurance company (or other like entity), which is to sell, sell, sell.... [That's] the nature of the business model and regulatory framework that governs the retirement plan industry in which they operate.... It also helped to explain why, when my RIA came on board, I found that 45% of the plan's assets were held in the previous insurance company recordkeeper's stable-value fund."

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