
Fees, Scams & Rip-Offs
How 12b-1 fees and revenue-sharing arrangements reduce 401(k) returns
When a school district in the Midwest switched its 401(k) plan from a lineup of actively managed funds to a set of low-cost index options in 2019, one longtime employee ran the numbers and realized the old plan’s fees had cost her more than $40,000 over 18 years. She had