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Dennis · 01-08-2009, 07:49 AM

Why do co.'s use High cost funds? Maybe their Agent/Broker makes more $ from them? Or The Owners of the Co. are getting Some Other Benefits for doing so? Or There are Less restriictions using High cost Funds for the employer to Steal the $, like They did With Enron and other Co.'s? And Maybe those higher Fee's are going elsewhere , like into the Agents Pocket and then for Free Golf Trips and Cruises for the Owners of the Company? Or Football And Baseball Tickets in a skybox..?

People are getting a rude awakening about their so called "safe" #401k's and Depending on them Soley for their Retirement savings and really shouldn't...

Pres. Obama has #401k plans on his List to make some major changes to them, that just might be for the better..Espeically seeing as most Savers can't manage & Invest their Own $ even with being able to Invest in a broad spectum of Funds...

Smart Money came out with a Report a while back.. The average #401k plan made less than Bonds for the previous 20 yr period.. and the Fees ate up alot of profits...

Unless getting at Least a 5% matching? I'd be moving into your own IRA/Roth accounts, if it won't cause problems with your status with your employer...

01-08-2009, 07:49 AM	#17
Dennis Recycles dryer sheets Join Date: Oct 2008 Posts: 245	Why do co.'s use High cost funds? Maybe their Agent/Broker makes more $ from them? Or The Owners of the Co. are getting Some Other Benefits for doing so? Or There are Less restriictions using High cost Funds for the employer to Steal the $, like They did With Enron and other Co.'s? And Maybe those higher Fee's are going elsewhere , like into the Agents Pocket and then for Free Golf Trips and Cruises for the Owners of the Company? Or Football And Baseball Tickets in a skybox..? People are getting a rude awakening about their so called "safe" #401k's and Depending on them Soley for their Retirement savings and really shouldn't... Pres. Obama has #401k plans on his List to make some major changes to them, that just might be for the better..Espeically seeing as most Savers can't manage & Invest their Own $ even with being able to Invest in a broad spectum of Funds... Smart Money came out with a Report a while back.. The average #401k plan made less than Bonds for the previous 20 yr period.. and the Fees ate up alot of profits... Unless getting at Least a 5% matching? I'd be moving into your own IRA/Roth accounts, if it won't cause problems with your status with your employer...