Posts Tagged ‘ 401(k) ’

Employee allegations of excessive 401(k) fees gain ground

Jul 29th, 2010 | By Charles L. Stanley CFP® ChFC® AIF® | Category: Featured Articles

A ruling by a judge, who in one case said Edison International did ‘substantial’ harm to employees by not negotiating lower fees from the firm running the 401(k) plan, may bolster other lawsuits. By Walter Hamilton, Los Angeles Times – July 29, 2010 For decades, high fees have quietly but steadily eaten away at the [...]



Wal-Mart 401(k) pays retail – does your 401(k) also?

Dec 31st, 2009 | By Charles L. Stanley CFP® ChFC® AIF® | Category: News

“Merrill Lynch, with Wal-Mart’s blessing, was choosing mutual funds based on payments that the funds would make to Merrill Lynch,” says Braden attorney Derek Loeser of Keller Rohrback in Seattle, Wash. “This explains the anomaly of a $10 billion plan ending up with off-the-shelf retail funds that just so happen to share revenue.” Forbes magazine [...]