30 08, 2021

Why the 401k Fails and What A ‘Better’ System Looks Like, According to Teresa Ghilarduci

2021-08-30T08:31:42-07:00August 30th, 2021|Categories: 401(k)|

By John Sullivan Source: 401K Specialist  Teresa Ghilarducci once called the 401k an immature, underdeveloped child that needs help over a mudpuddle to the curb when crossing a street. While we disagree, we love the imagery. A labor economist and nationally recognized expert in retirement security with The New School for Social Research, Ghilarducci is a consistent and prolific advocate for a better system, however defined. Read the full article

30 08, 2021

40% of 401(k) participants say fees a mystery, GAO reports

2021-08-30T08:29:09-07:00August 30th, 2021|Categories: 401(k)|Tags: , |

By Brian Croce Source: Pensions & Investments Almost 40% of 401(k) plan participants do not fully understand the fees they are paying, a Government Accountability Office report released Thursday found. Moreover, 41% of participants incorrectly believe that they do not pay any 401(k) plan fees, according to the report. The Department of Labor requires plans to provide participants with fee disclosures, but GAO found that 45% of participants are not able to use the information in disclosures to determine [...]

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