Great American Retirement Crisis
Like the famous line “don’t pay attention to the man behind the curtain” from the Wizard of Oz”, the small 401 (k) market has been self-regulated with no required fee or conflict disclosure for 30 years.
Today, while large companies have been hit by massive fines and class action suits have acted rapidly to comply, most small plans haven't yet and are stilling relying on broker-dealers and other conflicted parties and inadvertently wasting 28% or more of their employee’s retirement assets.