This. This is the real rigging: your company doesn't care what fees your 401(k) charges you. They'll give you an S&P500 index fund with a 1.2% expense ratio. Gi

This. This is the real rigging: your company doesn't care what fees your 401(k) charges you. They'll give you an S&P500 index fund with a 1.2% expense ratio. Given that you can get that for 0.06% elsewhere, you can bet that a good chunk of the rest is yacht money. Fortunately, you can roll over your 401(k) to an IRA when you change jobs. Vanguards' ain't too shabby. Or pick a brokerage and get your own stocks. You don't need to care about a high-frequency traders' 30-second impact on the market if you're not selling your portfolio for 30 years.