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well I just received my quarterly statement from MegaCorp's 401k plan. I guess do to the Pension Protection Act passed last year they now have to disclose the expense ratios of all of the 401k funds available to be chosen for investment in the plan.
All I can say is WOW what a revelation. There were a number of funds with average expense ratios of 50-100 basis points (ie. 0.5-1.0 %) as expected. But the real eye-opener was that some of the funds, evidently run for institutions, had expense ratios of only 5 basis points (0.05%). Now that's the kind of fund I like !
Why didn't they disclose this a couple of decades ago, I would have switched plan choices.
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