Comments on: 401(k) Fair Disclosure for Retirement Security Act of 2009 http://financialducksinarow.com/781/401k-fair-disclosure-for-retirement-security-act-of-2009/?utm_source=rss&utm_medium=rss&utm_campaign=401k-fair-disclosure-for-retirement-security-act-of-2009 Articles about retirement savings & income, investing, and income tax Wed, 08 Feb 2012 16:37:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jblankenship http://financialducksinarow.com/781/401k-fair-disclosure-for-retirement-security-act-of-2009/#comment-102 jblankenship Sat, 25 Apr 2009 00:42:44 +0000 http://bfponline.com/weblog/?p=781#comment-102 Not a problem, Helen. I read your post, and since you didn't mention any of those unnamed products that make watching a ballgame nearly an R-rated event :-) your link passes muster with me! Complete disclosure of fees and expenses (among other things) in 529's is another area of concern. Not that it would have resolved the problem, but it could have helped in the issues Illinois families are facing with the Oppenheimer fund management in the Illinois BrightStart 529 plan. jb Not a problem, Helen. I read your post, and since you didn’t mention any of those unnamed products that make watching a ballgame nearly an R-rated event :-) your link passes muster with me!

Complete disclosure of fees and expenses (among other things) in 529′s is another area of concern. Not that it would have resolved the problem, but it could have helped in the issues Illinois families are facing with the Oppenheimer fund management in the Illinois BrightStart 529 plan.

jb

]]> By: Helen http://financialducksinarow.com/781/401k-fair-disclosure-for-retirement-security-act-of-2009/#comment-100 Helen Fri, 24 Apr 2009 23:30:24 +0000 http://bfponline.com/weblog/?p=781#comment-100 These reforms are a terrific idea. I'd like to read more about the proposed legislation. Disclosing all expenses should be a requirement for all SEC registered offerings -- no matter how they are delivered to a customer: IRA, 401(k), 529... We have a uniform statement of expenses when you sign up for a credit card -- why can't we do the same for investments (ok, maybe a little more complicated but not unreasonable) In addition, I think that requiring a 401(k) plan to offer an index fund (or several) is a great option. I wrote about this recently: http://www.affinefinancial.com/2009/04/10/why-dont-more-401k-plans-include-index-funds/ Please forgive me, because it is self-serving to post a link in your comments, but I thought it reasonably related. (Please let me know if this is a heinous breech of netiquette; I am relatively new to this blogging thing). These reforms are a terrific idea. I’d like to read more about the proposed legislation. Disclosing all expenses should be a requirement for all SEC registered offerings — no matter how they are delivered to a customer: IRA, 401(k), 529… We have a uniform statement of expenses when you sign up for a credit card — why can’t we do the same for investments (ok, maybe a little more complicated but not unreasonable)

In addition, I think that requiring a 401(k) plan to offer an index fund (or several) is a great option. I wrote about this recently:

http://www.affinefinancial.com/2009/04/10/why-dont-more-401k-plans-include-index-funds/

Please forgive me, because it is self-serving to post a link in your comments, but I thought it reasonably related. (Please let me know if this is a heinous breech of netiquette; I am relatively new to this blogging thing).

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