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

8 hours ago in Albemarle County, Charlottesville City, Election, Local, Surrounding Counties, UVA

Gilmore Ends Bid For White House

Updated
Casteen John Gilmore Jim 082308 CC

Former Governor Jim Gilmore has ended his campaign for the Republican presidential nomination.

9 hours ago in Albemarle County, Charlottesville City, Local, Surrounding Counties, UVA, Virginia Assembly

Toscano Gets Unique Experience

Updated
Toscano David 6 24 11 PIER

Area lawmaker David Toscano has taken a memorable journey in a driverless car.

9 hours ago in Local, Surrounding Counties

Elkton Man Dies In Crash Near Grottoes

Updated
Augusta Seal

A 25-year-old Grottoes man becomes Augusta County's latest highway fatality.

22 hours ago in Sports

The week’s best sports shots

Denver Broncos’ Peyton Manning holds up the trophy after the NFL Super Bowl 50 football game Sunday, Feb. 7, 2016, in Santa Clara, Calif. The Broncos won 24-10. (AP Photo/Matt York)

A look back at some of the best plays and biggest moments in sports this week.

22 hours ago in Sports

The weekend sports schedule

kobebryantallstar

Here's a look at this weekend's sports schedule.