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Strange, indeed. First, I would hope M* gives its employees the option of a self-directed brokerage 401k. Second, there is surely very little imagination put into the selection of the list shown. Since many M* plan participants are rather knowledgeable, I would imagine they would pretty quickly opt for the self-directed option. I know that I would.
Reflecting MrRuffles' observation (thank you!) , I correct with strikeout.
I also don't see any sort of "target date" funds, which I thought had some sort of special "safe harbor" treatment as a default investment, but perhaps I am "mis-remembering" this preference given to "target date" funds in a 401k.
I also don't see any sort of "target date" funds, which I thought had some sort of special "safe harbor" treatment as a default investment, but perhaps I am "mis-remembering" this preference given to "target date" funds in a 401k.
1% ER's in a 401K? .....
Per the article: "I haven't listed any target-date funds. We have customized target-date funds designed specifically for Morningstar employees by Ibbotson Associates, which is part of the Morningstar Investment Management group."
Comments
Reflecting MrRuffles' observation (thank you!) , I correct with strikeout.
I also don't see any sort of "target date" funds, which I thought had some sort of special "safe harbor" treatment as a default investment, but perhaps I am "mis-remembering" this preference given to "target date" funds in a 401k.1% ER's in a 401K? .....