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A comment on Jack Welch Inflicted Great Damage on Corporate America. Parent comment

Re:Jack Welch Inflicted Great Damage on Corporate America by triceratops on Tuesday March 03, 2020 @02:53PM (#22478148)
The 401k works in two ways actually. The way you mentioned. Plus, because employees have no choice of bank or investments in their 401k so they can be screwed over on fees more easily.
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Re:Jack Welch Inflicted Great Damage on Corporate America by blaser-waffle on Wednesday March 04, 2020 @11:40AM (#22485258)
My IRA through Vanguard has crazy low fees.

My 401K through work has easily 4x the fees, even though it's mostly holding Vanguard funds (or similar ETFs).

401Ks are an expensive sham. Increase IRA limits plz.

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Re:Jack Welch Inflicted Great Damage on Corporate America by anonu on Wednesday March 04, 2020 @11:45AM (#22485303)
Very true. But there is a ton on regulation in the retirement account space. It's much harder to disrupt. But it's worth disrupting if you have a clear idea on how
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Re:Jack Welch Inflicted Great Damage on Corporate America by triceratops on Wednesday March 04, 2020 @04:03PM (#22488071)
You need better and simpler laws, not "disruption".
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Re:Jack Welch Inflicted Great Damage on Corporate America by xref on Tuesday March 03, 2020 @06:59PM (#22479964)
You usually can’t choose who holds your 401k money, but most often get several to dozens of choices for investments (like most things in life, of varying quality).
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Re:Jack Welch Inflicted Great Damage on Corporate America by triceratops on Tuesday March 03, 2020 @08:01PM (#22480301)
Lol "dozens" is an overstatement. In any case, it's more limited than the open market, and for absolutely no reason. 401ks shouldn't exist - just increase the limits on IRAs and let everyone use those.
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