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New 401(k) Suit Targets Vanguard Fund Fees

TedTed
in Fund Discussions
FYI: Even Vanguard Group fund fees may be excessive when it comes to 401(k) plans.
A new class-action lawsuit is pitting participants in the Anthem Inc. 401(k) plan, a massive plan with more than $5 billion, against plan fiduciaries for an alleged fiduciary breach due to excessive investment management and administrative fees.

Anthem's fund lineup is predominantly made up of funds offered by Vanguard, widely recognized as a low-cost fund provider. Vanguard is also the plan's record keeper.
Regards,
Ted
http://www.investmentnews.com/article/20160105/FREE/160109974?template=printart

Comments

  • Derf
    $ 42.00 flat fee per account holder ? Seems like a monthly fee to me. two 401-ks I have pay on the dollar amount in the account. Probably time to roll over into IRA.
    Derf
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