What do the biggest providers
have in common
* Has been the subject of lawsuits regarding excessive fees
- Offered through brokers and other middlemen
- Adds additional often hidden layers of fees above and beyond the cost of the investments (i.e. contract asset charges or asset mgmt. charges)
- Adds hefty "mark ups" to low cost index funds when available
- Pays large commissions out of your retirement dollars
- Offer mutual funds that kickback management fees in order be on the menu (aka "pay to play")
- Generally sold through brokers who cannot legally provide investment advice
- Do not serve in a fiduciary capacity to protect the business owner's obligations under the Department of Labor