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Companies Should Have to Offer Low-Cost Funds in 401(k)s
For the typical middle-class investor, the bulk of their retirement saving is done via their 401(k) or other employer-sponsored retirement plan. And one factor that places a significant drag on the rate at which people accumulate assets in such plans is the costs of the mutual funds that they use. (It has been shown repeatedly–see this study from Morningstar’s Russel Kinnel, for instance–that mutual funds with lower expense ratios typically outperform mutual funds with higher expense ratios.) Read more…
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