[Libloather]

"Participants will be able to understand the dramatic effect fees play in the returns that they get," Assistant Secretary of Labor Phyllis Borzi said.

They should do the same with Sosha Security.

[GeronL]

before or after the government siezes them?

[berdie]

later

[KarlInOhio]

Many years ago I was on my former company's 401k committee when we were selecting a new investment company. I was difficult to get the broker to let us have a simple, low cost S&P 500 index. They only wanted to offer expensive bond and specialized stock funds.

My current company (much smaller than the previous one) just picked Schwab and lets the employees invest in anything at the retail prices which are far cheaper than the old company's plan.

[wac3rd]

Can I see how Government workers’ pensions are funded? Oh, yes, through tax dollars for life.

[VeniVidiVici]

What?? You mean they are not free?

DEMOCRATS PROMISED ME A 401K THAT’S FEE FREEEEEEEE!!!!

That’s because they are going to quit letting folks sock away pre-tax money into their 401Ks.

That’s right! The Democrats will only let you sock away your own money with after-tax cash. Then they will tax you again on the backend!!

This is after they already take 50% of your money for income and payroll taxes!!!

[Undocumented_capitalist]

Looks like a good bill.

[The_Media_never_lie]

Isn't this hyper-ironic? The government is now concerned with what we are getting for what we pay? I thought the 401k fees were already posted?

How about what we get for what we pay in income tax?

If the government goes on to steal my IRA under some ruse, it will be the material theft of a lifetime of work. All bets are off as to what would happen thereafter. I would really hope this would not happen.