| Recent Highlights |
| So Much for "Always Low Prices. Always." posted by Dan |
| Wal-Mart has been accused of offering a 401(k) in which "all plan investment options were retail class shares, which historically carry higher fees than institutional class shares, and that plan trustee Merrill Lynch & Co. Inc. received revenue sharing and other unspecified payments without providing any services." It appears to be OK to negotiate/beat up suppliers in the name of low costs, but not the financial services industry on behalf of employees. |
| related stories |
| Wal-Mart Answers Excessive 401(k) Fee Allegations (free login) by Rebecca Moore for PlanAdvisor, 7/21/2008 Participant Files Excessive 401(k) Fee Suit Against Wal-Mart by Fred Schneyer for PlanAdvisor, 4/21/2008 |
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| July 23, 2008 |
| 401(k) Proposal Would Clarify Fees |
| Fees "subtract from the overall amount of retirement savings, so it's really important that workers are able to compare for themselves the relative level of expenses that are deducted," said Labor Secretary Elaine Chao. [USA Today] |
| July 21, 2008 |
| Advisor Directory |
| 403(b)wise has created an Advisor Directory made up of financial professionals who subscribe to our belief that participants deserve objective advice. |
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| Featured Employer |
| Montgomery County Public Schools |
| Rockville, Maryland |
| Montgomery County Public Schools in Rockville, Maryland thinks they may have found a solution to providing objective plan information for their employees. How did they do it? |
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