INSIDER'S VIEW OF 401K REVENUE-SHARING

Many 401k plans have hidden fees and revenue sharing arrangements with third-parties that are not explains to 401k participants.

The following topics are addressed:


- An Insider's View of 401k Fees
- What Are Your Fiduciary Duties Regarding Revenue-Sharing Arrangements?
- Investment-related expenses ("investment expenses")
- Recordkeeping and administration expenses, which include communications, compliance, and other services related to the operation of a plan ("administrative expenses")
- Investment consulting, brokerage, or advisory services ("advisory expenses")
- Concluding Thoughts
- Final Rule on 401(k) Fee Disclosure

- History of 401(k) Plans: 1978-2003
- The pre-tax contributions as well as earnings on an account are taxed only when withdrawn.
- 401(k) plans are named after the section of the Internal Revenue Code
- The Employee Retirement Income Security Act of 1974
- The Tax Reform Act of 1984 (TRA '84) modified the rules for 401(k) plans
- The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) enacted many changes to 401(k) plans
- Congress enacted the Sarbanes-Oxley Act of 2002

man thinking about finding 401k plans have hidden fees


IRS Reporting




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