Podcasts

Quinn Curtis
Quinn Curtis

Quinn Curtis, Associate Professor of Law at the University of Virginia.  He talks with Les Sinclair about benefits and what to look out for when investing in a 401(k).  

Despite recent rules designed to make 401(k) plans friendlier to retirement savers, new research suggests that we’re still paying too much for investment options that are second rate.

“Overall, we find that investors in an average plan pay 86 basis points in fees in excess of low-cost index funds. We estimate in 16 percent of analyzed plans that fees are so high that, for a young employee, they consume the tax benefits of investing in a 401(k),” write Yale Law School professor Ian Ayres and University of Virginia associate law professor Quinn Curtis in a paper shared by the Social Science Research Network.

Any discussion of high fees in 401(k) plans is usually qualified by a statement that plans run by small employers are likely to cost more because they don’t enjoy economies of scale. But Ayres and Curtis reject that, saying, “We find substantial variation in total costs over plans of similar size.”

They also point to two other issues they say shortchange 401(k) savers:

Read more: http://www.bankrate.com/financing/retirement/protect-us-from-lousy-401k-plans/#ixzz2wVkjFprj
Follow us: @Bankrate on Twitter | Bankrate on Facebook

Latest Stories

in Albemarle County, Charlottesville City, Local, Surrounding Counties, UVA

Confirmation: Remains Found October 18th Match Graham

Updated
Graham Hannah Elizabeth 2 091514

A medical examiner confirms the remains found off Old Lynchburg Road October 18th match Hannah Graham.

in Albemarle County, Charlottesville City, Local, Surrounding Counties, UVA

University Releases Statement on Hannah Graham

Updated
UVA Lawn 51308

School offers condolences to Hannah Graham's family.

in Albemarle County, Charlottesville City, Local, Surrounding Counties, UVA

Commonwealth’s Attorney Reacts To Medical Examiner’s Report

Updated
LunsfordDenise101807

Albemarle Commonwealth's Attorney Denise Lunsford has reacted to a report from a state medical examiner.

in Sports

This week’s top sports shots

royals

A look at some of this week's best moments in sports.

in Sports

This weekend’s sports schedule

worldseries

A complete look at this weekend's sports schedule.