In the tech world, there is an old saying: “if the product is free, you’re not the customer; you’re the product.” Turns out this was first presented as a concept regarding the relationship between TV networks and viewers way back in 1973. It’s as true now as it was then! What does this have to do
Read MoreWhy some advisors push particular 401(k) service providers over others.
Read MoreThe next time you’re speaking with a 401(k) service provider, ask them how that fund (any of the funds) happened to make it onto their platform. Is it because that fund has superior investment performance? Is it because the platform provider or insurance company’s well-heeled cadre of analysts deemed that fund to be investment worthy?
Read MoreAnother bundled 401(k) provider sued by their own employees for self-dealing
Read MoreDOL Fiduciary Rule finally published
Read More5 things to consider if you want to improve your 401(k) plan
Read MoreShould this really have to go all the way to the Supreme Court?
Read MoreTwo huge settlements this week on 401(k) fee lawsuits – where is this heading?
Read MoreThis excellent article by Darla Mercado provides background and commentary on Mr. Schlichter, founder of St. Louis based Schlichter Bogard and Denton. He is well known within the 401(k) industry for launching (and winning) a volley of lawsuits against 401(k) plan sponsors and providers, focused mostly on breach of fiduciary duty in the form of excessive fees and funds that are not in the plan participant’s best interests.
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