Here's an article from IndexUniverse.com titled "Auditors Finding More 401(k) Problems".
The article talks about the IRS is finding a "substantial" increase in the number of compliance problems in 401(k) plans. Not surprisingly, the problem is especially troublesome for small businesses.
It's a short article, and worth a quick read. We especially agree with the sentiment in it's conclusion:
"So what does this all mean for index investors? It could be another sign that pressure is building to clamp down even more on the use of high-priced actively managed funds."
Thursday, August 21, 2008
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