I’m glad to see that someone is finally taking a look at excessive 401k fee structures! The scoop is that several major firms are being sued by a St. Louis attorney alleging that plan structures are designed to obfuscate the amount of fees charged by the plan management companies. If you get a chance, you might want to check out the story here. The firm that’s filing the suit is here.
The only thing I can say is, thank goodness for the legal system! These kinds of suits can only force big pension plans to clean up their act and become more transparent.
Best,
James
