Re:The Broken Promise of Retirement
by sbeller on Sunday June 27, 2021 @04:06PM
(#27654803)
> I don't know anything about 401(k)s but do they really operate on some foundational condition of less-profitable investments and higher fees?
The (HR person of the) employer chooses what to allow in a 401k. Normally you have a dozen funds or so available. And the choice by the employer doesn't necessarily align with the employees interests, as the high fee funds would love to send you that amazon gift card, whereas the low fee funds wouldn't even reach out to you. ;-)
The (HR person of the) employer chooses what to allow in a 401k. Normally you have a dozen funds or so available. And the choice by the employer doesn't necessarily align with the employees interests, as the high fee funds would love to send you that amazon gift card, whereas the low fee funds wouldn't even reach out to you. ;-)