I read that a recent study showed the 80% of 401(k) plans are overpaying in fees. Tell me something I don’t know. For most small and medium-sized plans, there is absolutely no check by the plan sponsors on whether the fees that they’re paying are reasonable or not. That’s just a fact of life as most plan sponsors put the fee disclosures in the back of a drawer.
Again, tell me something that I don’t know, like next week’s Mega Millions numbers.
