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re: Why are 401k platforms so far behind other retirement plans?
Posted on 7/28/16 at 6:59 pm to Hawkeye95
Posted on 7/28/16 at 6:59 pm to Hawkeye95
quote:If you have evidence of a company doing that you should report that company.
its pretty simple, companies get kickbacks for having shitty high fee funds.
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.
2
Posted on 7/28/16 at 10:00 pm to LSURussian
I'd say kickbacks is not the right word. But why else are the fees so high and offerings so limited?
It's to help reduce the cost of managing the plan. They make more money on the funds than the servicing side, no? Why would they not offer low fee options?
It's to help reduce the cost of managing the plan. They make more money on the funds than the servicing side, no? Why would they not offer low fee options?
Posted on 7/29/16 at 10:28 am to LSURussian
quote:
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.
my guess is you are a fricking moron
LINK
quote:
Mutual fund companies often pay a kickback (euphemistically called "revenue sharing") to be included as an investment option. Most index funds, exchange-traded funds and passively managed funds don't pay revenue sharing, so including them would require the company to kick in some cash to cover the overhead. That is unlikely to occur.
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