Here is what some other media sources have said about FiduciaryNews.com:
Paul Sippil: RetirementRacket, May 18, 2015, “Response to an Article Criticizing 401(k) Plans”:
- “Chris Carosa’s thorough and objective article about the debate over the tax advantages of 401(k) plans is far more informative. I would highly recommend it to anyone who is genuinely interested in hearing a wide range of informed opinions on the subject.”
Investment Company Institute: ICI Daily, July 3, 2012, Top entry in the “In the News” section:
- “401(k) Plan Sponsors and the Mutual Fund Expense Ratio Wild Goose Chase,” Fiduciary News (07/03/12) Carosa, Christopher – Many in the 401(k) industry have expressed concerns about mutual fund expense ratios, but Christopher Carosa call such worries “overly simplistic—and false—analysis [that] may thwart the Department of Labor’s efforts to level the playing field among 401(k) investment products.” He calls the Investment Company Institute’s response to a recent article published by Fortune magazine “on point and damaging,” citing specifically ICI’s response that “within a given investment category, fund fees can vary because of differing investment focus or style (e.g., among equity funds, foreign equity fund fees tend to be higher than domestic equity fund fees) and differing services included in the fund fees.” Carosa says that the most recent research “shows if you remove loads and 12b-1 fees, actively managed funds perform just as well as the index,” a fact that appears to have been missed in the Fortune article. Carosa concludes that “any talk of mutual fund expense ratios only diverts attention away from the true issue at hand—what are the true costs of those non–mutual fund products that make up nearly half of all 401(k) investments?”
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