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Category Archive for: ‘Articles Mentioning Glading Group’

How to Boost Returns in Overpriced Retirement Plans

BLOOMBERG.COM It’s amazing that people will spend months researching and pricing a new appliance –- something they’ll only use for a few years – yet neglect to check the costs of their retirement plan, something they’ll need for rest of their life. Your retirement contributions constitute a major purchase. Using your semi-annual statements, which you should be receiving soon, start …

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401(k) Cost-Shifting Could Imperil Your Retirement

BLOOMBERG.COM A legal though costly practice that shifts certain 401(k) expenses from your employer to you bears scrutiny because it may be depleting your retirement funds. The cost-shifting involves a broker or fund company offering to pick up administrative and other 401(k) plan expenses “for free” when, in fact, they are shifting these costs to employees in the form of …

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Plan Managers Profit at Workers’ Expense

USA Today The company that manages your 401(k) plan could be making a huge profit at your expense. Employers often are not aware that some firms that manage large 401(k) plans earn up to 500% over their administration costs, according to Brent Glading, a Montclair, N.J., retirement plan consultant. If an employer uses a broker to help it pick a …

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Subject to Failure

CFO Magazine Recent scandals in the mutual-fund industry leave employers questioning the security of their plans. As the mutual-fund probe widens, 401(k) plan sponsors are taking a hard look at an industry long regarded as a reliable workhorse for individual retirement plans. That image has taken quite a beating since September 3, when New York State Attorney General Eliot Spitzer …

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Fee Scrutiny Puts Pressure on Fund Marketing

Money Management Executive With the industry heading toward almost assured legislation relating to fees, the way funds market themselves is sure to morph, and some in the industry are bracing for a “revolution.” Regulators have put the way fund companies conduct business under the microscope since the fund scandal hit the headline news pages in September and, even before Fundgate, …

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Hidden Costs and High Fees Eat into 401(k) Plan Benefits

CFO Magazine Although fallout from the mutual-fund trading scandals still dominates the headlines, some companies with 401(k) plans reserve their greatest ire for another issue: fees. Complaints focus mainly on the steep fund expenses that are passed on to plan participants — an average of 156 basis points for administration, plus commissions and other transaction costs — and on how …

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Fee Deals Can Hurt Retirement Savers

Trisha Brambley was surprised when she got a call from the chief financial officer of a local company asking for help so candidly. “He wanted me to tell him what he was paying for his 401(k) plan,” said Brambley, president of Resources for Retirement Plans Inc., a consulting firm in Newtown, Bucks County. Typically, she is arguing that executives don’t …

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Government Scrutiny of 401(k) Fees Is Likely

Defined contribution fee disclosure requirements, which haven’t significantly changed since the 1970s, may be getting a facelift as federal regulators look to increase plan sponsor and participant awareness. Under the Employee Retirement Income Security Act, plan fiduciaries have the obligation to choose a fund menu in which the fees must be at a reasonable level given the services and their …

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10 Things 401(k) Providers Won’t Tell You

1. “We’re making money on your 401(k) — even if you’re not.” With a growing awareness of the importance of preparing for retirement, the number of 401(k) investors has soared in recent years, peaking at 60.6 million in 2007, according to Cerulli Associates, an asset management research firm. But that torrid growth also left millions of investors in the lurch …

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