Concealed Deals Drive Up 401(k) Fees
Posted2 months agoActive2 months ago
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401(k) FeesFinancial RegulationInvestment Costs
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401(k) Fees
Financial Regulation
Investment Costs
A study reveals that concealed deals between mutual funds and 401(k) plan administrators drive up fees for employees, sparking criticism of the financial industry's practices and calls for more cost-effective investment options.
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ID: 45842132Type: storyLast synced: 11/20/2025, 2:38:27 PM
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Capitalism is optimizing money extraction. Why make better products or give better service at better cost when it is possible to just lie to the public and steal their money?
While the USSR created state monopolies the USA broke theirs creating competition and wealth for everybody. In the current political climate, USA politicians profit economically from all kind of monopolies and cartels following the steps of the failed USSR.
Market capitalism cannot exist without goverment regulations. But voters have been misled to think that any regulation is communism and radicalized to accept the new billionaires as saviors instead of the problem.