Making our way has an interesting article about how 401k companies’ fees are eating away his and his wife’s gains. I don’t think I’ve run into these problems, but it’s difficult to say without the transparency behind the fees.
I can see no reason for the limited fund options that you often find in 401k plans. Also, I’m not sure what the plan administrator really does. After all, couldn’t a brokerage handle my 401k like it does my Roth IRA, but with pre-tax dollars and matching?
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