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This is just a rant about 401ks that doesn't have anything in particular to do with Berkshire. Personally, I've never seen a 401k that lacked an index fund opt
by all_blue_chucks 9y ago
This is just a rant about 401ks that doesn't have anything in particular to do with Berkshire.
Personally, I've never seen a 401k that lacked an index fund option. I'm sure they exist, but I highly doubt it's the norm.
One little law requiring company benefit managers to act as fiduciaries w.r.t. retirement plans would end this silliness right quick though.
- craftyguy 9y agoMy employer (large tech company) never offered (and AFAIK still doesn't) low-ER index funds in their default 401K investment options. The best was some company-assembled "retirement fund" crap with an ER of ~1.5%. That was the best. Luckily, after a few years, they finally enabled a brokerage account option, which allows me to purchase index funds (of the iShares type) at low ERs.. You must be lucky, because I don't think my experience is all that rare.