A recent article in Bloomberg by Ben Silverman asks whether opaque and excessive fees in 401(k) plans can be solved by technology. The answer, unfortunately, is a resounding no. The article profiles an Israeli startup called FeeX which purports to analyze your 401(k) and give you ...
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I’ve looked over dozens and dozens of 401(k) plans lately (companies must file information about their 401(k) plan with the Department of Labor, which makes the information publicly available), and one commonality that stands out is the sheer number of plans that include one of the PIMCO ...
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Since I knocked Bloomberg’s reporting in my previous post about Tesla, let me reference an important article that the news service ran recently, “Billions in Lost 401(k) Savings, Abusive Brokers Under White House Scrutiny.” Right now the Department of Labor is deliberating ...
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Below is a round-up of current 401(k) plan news. First, however, I must acknowledge that the subject of 401(k) plans is intrinsically tedious and boring. Think of how many more pressing problems or interesting issues there are that merit our attention. The list is nearly endless. For me, ...
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Writing in Pensions & Investments, Robert Steyer reports that New York Federal District Court Judge Sidney Stein has ruled against Citigroup and allowed plaintiffs to proceed with a lawsuit against Citi for alleged “self-dealing” in packing its own 401(k) plan with overpriced ...
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