Thursday, September 18, 2008

News You Can Use: Blind leading the blind on 401(k) fees?

Hoo, boy! From the “how-can-that-be?” files, new survey results from the Spectrem Group reveal that one in 10 plan sponsors (thankfully, a minority) believe they pay no fees for their retirement plan. If plans sponsors don’t know about these fees, how can they educate investors who need desperately to discern them to secure their retirement future? I encourage the 90% of plan sponsors who know better to coach up their naïve, uninformed peers.

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