An industry wide study recently completed by the Investment Fiduciary Leadership Council ("IFLC") reveals that participants in most 401(k) plans are being socked with charges that exceed the value of the services they receive. The findings confirm that
401(k) plan sponsors, and their employees who serve as fiduciaries on their plans, will not pass the Department of Labor's "fee reasonableness" audit. This spells big trouble for primary plan fiduciaries.
« 401(k) Fiduciaries Ponder Reasonableness of Fees | Main
December 15, 2009
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Somehow this isn't too terribly surprising.
Posted by: Eric | January 18, 2010 at 07:25 PM