On: How I'm fixing the 401(k)

[jbtule]

Actually guideline is charging the participant fee as 3bps, which is a percentage of assets (but this is spectacularly low). They are charging the employer directly the per participant fee.

[jbtule → jbtule]

Whoops, I didn't notice, that 3bps is for the custodian

[busque → jbtule]

Correct, that's out direct custodian costs. We work hard every day to lower these costs. Custodial services do have value and are worth paying for.