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In reply to the discussion: David Sirota: Leaked Docs Show How Wall Street Extracting Massive Fees from Public Pension Systems [View all]mahatmakanejeeves
(57,712 posts)Last edited Fri Nov 28, 2014, 10:19 AM - Edit history (1)
Please permit me to light a single candle rather than curse the darkness.
Google "Borzi," as in Phyllis Borzi, the Assistant Secretary of Labor for the Employee Benefits Security Administration.
If you never do anything else today, watch this video. It was broadcast on April 23, 2013.
Tonight on FRONTLINE: The Retirement Gamble
Phyllis C. Borzi appears in the show.
Please see the article about excessive 401(k) fees in the September 2013 issue of Consumer Reports
There's a ton of information here:
Employee Benefits Security Administration
Understanding Your Retirement Plan Fees
Maximize Your Retirement Savings - Tips on Using the Fee and Investment Information From Your Retirement Plan
Disclaimer: I have money in Vanguard funds.
Vanguard offers funds with active management, Jack Bogle's beliefs notwithstanding. It's like your grocery store. You can buy broccoli there, and you can buy chocolate-covered marshmallows there. They leave the choice up to you.
Best wishes to all.