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re: Why are 401k platforms so far behind other retirement plans?

Posted on 7/28/16 at 4:25 pm to
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 7/28/16 at 4:25 pm to
its pretty simple, companies get kickbacks for having shitty high fee funds.

My fidelity interface is easy to use, but the funds not so great.
Posted by TigerDeBaiter
Member since Dec 2010
10272 posts
Posted on 7/28/16 at 4:27 pm to
Pretty much this. Companies want to offset/decrease (however you want to look at it) the operating expenses of offering and managing the plan to it's employees.
Posted by Teddy Ruxpin
Member since Oct 2006
39631 posts
Posted on 7/28/16 at 4:34 pm to
quote:

My fidelity interface is easy to use, but the funds not so great.



Does your Fidelity 401k come with BrokerageLink? My wife's did and I was able to get around the plan options
Posted by LSURussian
Member since Feb 2005
127092 posts
Posted on 7/28/16 at 6:59 pm to
quote:

its pretty simple, companies get kickbacks for having shitty high fee funds.
If you have evidence of a company doing that you should report that company.

There are some pretty hefty whistle blower rewards for reporting companies who willfully violate ERISA. And a company getting a "kickback" for offering high commission investment options is definitely a violation of ERISA.

My guess is, based on your posting history, you're just making shite up and have no clue if what you wrote is true or not but you thought it made you sound intelligent. It does the opposite.
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