Among workers 18-34 years old, 56% are not saving. A 58-yr old who saved by putting aside $100 per month since 1979 lost around $100k in 401k fees. Wallmart and its brokerage, Merrill Lynch, agreed to pay $13.5 million settlement in a class action suit by failing to negotiate lower 401k fees for the plan’s mutual funds which costs the participants/employees about $60 million over 6 years.

Employee Retirement Income Security Act (ERISA), a federal law governs retirement plans.

Red Flags or Signs of a dud 401k:
• No index funds
• Fund expense ratios of 1% or more
• Delayed vesting of employer match
• Matches only in company stock
• Funds not diversified
• Low or nonexistent employer match

Mutual funds costs estimate for a $50,000 saving invested over 20 years:
• Fidelity 0.62 expense ratio, total costs $12,199
• T Rowe Price, 0.75 expense ratio, total costs $14,529

For the self-employed, there are other options such as Roth IRA, Indexed Annuities and Index Universal Life Insurance. See books of Patrick Kelly , Tax Free Retirement and Retirement Miracle

We are hiring in the USA, financial service pros that can serve those who can beat the fees and loses incurred in 401k with zero market risk and full living benefits for terminal, chronic or critical illness. Call Connie 408-854-1883 or at


—————We are hiring:  You are all invited every Monday at 7pm at 400 Oyster Pt, South San Francisco, Ste 120. Wear formal suit. Earn an income with no glass ceiling while helping others with tax free distribution of retirement income with living benefits.


10/25/2013 Retirement Plan Supercharged 6:30pm Dinner and  40min Presentation at Denny’s Restaurant in Milpitas, CA. Please RSVP Connie at 408-854-1883