RSSThis would certainly seem to be the case based upon this excellent and disturbing post by Kathy Kristof-Senate Moves to Keep 401(k) Fees Hidden.
This issue needs be kept on the front burner. I fear that the Senate Finance Committee is hesitating to act on this issue out of fear that contributions from 401(k) providers will dry up. In my opinion this is the height of lawmakers putting interests of the public last.
I encourage you to email the members of the Senate Finance Committee and ask them what they could possibly still need to "vet." Ask them to reconsider their decision and to pass a measure that mandates uniform, total, and full disclosure of ALL fees and expenses for all 401(k) plans. No loopholes, no
Showing posts with label 401 sponsors. Show all posts
Showing posts with label 401 sponsors. Show all posts
not abaut 401k plan
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401k plan sponsors
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If you are wondering what these topics have to do with each other please read on.
Recently my wife and I wanted to try a restaurant on North Rush Street in Chicago. It was early in the dinner hour on a warm Saturday evening and they had an open table right on Rush Street. Nobody was waiting but the snooty hostess wouldn't let us have it as the table was for four. Half the fun of dining out in this area during nice weather is sitting along Rush Street and watching the array of people who parade by.
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