tag:blogger.com,1999:blog-5936951073896589340.post9102938987782864868..comments2024-03-29T03:37:50.224-07:00Comments on LLNL - The True Story -: Poor investment choices in 401k and TCP1.Unknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5936951073896589340.post-631896181120691872016-01-05T18:46:24.954-08:002016-01-05T18:46:24.954-08:00Scooby. The blog worked. The LLNL Internal websit...Scooby. The blog worked. The LLNL Internal website today announced that Fidelity corrected a typo on the 401k program website. The error fee of 0.23% was corrected to 0.023%. This is a very reasonable fee indeed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936951073896589340.post-23819219001192643692016-01-03T20:16:37.864-08:002016-01-03T20:16:37.864-08:00Of course they're getting kickbacks. They call...Of course they're getting kickbacks. They call it "revenue sharing." It means a portion of the fund expense paid with our money goes to pay LANS and LLNS. More specifically, we share our personal revenue with an entity that gets eight figures a year of taxpayer money as award fees. Many investors are not knowledgeable enough to know what to do with brokerage link. LLNS and LANS investment committees take advantage of them. It seems questionable that they're meeting the standard of a fiduciary when they're in bed with the investment companies splitting their take of our money. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936951073896589340.post-57776149359778975592016-01-03T13:23:29.450-08:002016-01-03T13:23:29.450-08:00A person can use the Brokerage Link option to inve...A person can use the Brokerage Link option to invest in funds with lower fees.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5936951073896589340.post-400754526601989322016-01-03T09:36:27.648-08:002016-01-03T09:36:27.648-08:00So what would be the reason to get rid of TCP1 peo...So what would be the reason to get rid of TCP1 people and TCP1? I can understand getting freezing out TCP1 as it will save money as the people will have to transfer to 401k. Less obvious is the reason for getting rid of the TCP1 people.<br />January 2, 2016 at 9:52 AMAnonymousnoreply@blogger.com