There are a huge, huge number of people that have 401ks and IRAs that only offer a small number of actively managed mutual funds, many of which have high fees,

There are a huge, huge number of people that have 401ks and IRAs that only offer a small number of actively managed mutual funds, many of which have high fees, and there is little consumer education about the high of these fees. If this rule change leads more 401ks to offer ETFs and some education about there value, it will make a big difference.