Tag: 401(k) assets
My friend Francis Vitagliano paid me a visit to show that 401(k) plans are paying mutual funds $940 million in transfer agent fees for services they already receive through their record-keeper. He may well be right. The question, however, is how do 401(k)s improve their lot? Defined benefit plans use collective-investment-trust (CIT) versions of…
The brief’s key findings are: In a 401(k) world, retirees face the tough job of having to figure out how to draw down their nest egg once they retire. They have shunned the standard options: an immediate annuity, which pays a fixed amount for life, or an advanced life deferred annuity, which begins payments at…
