Is It Time for Financial Planners to Advise Against 401(k)s?
What's advisors' role in the hubbub over 401(k) fees and plan sponsors' fiduciary duties? Maybe if advisors start advising against 401(k)s, the investing public will get Washington to wake up.
The Fight Over 401(k) Fees
Retirement plan fees can cost participants nearly $155,000 over the life of the plan, said a recent white paper by Demos, a liberal think tank. ASPPA says the paper is wrong.