MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
How to get a free Chipotle burrito
Coca-Cola revenue beats, but profit falls short
Wendy's profit, revenue beats expectations
Sears warns on sales, to speed up closures
Head-on train crash kills at least 9 in Germany
Greek protests escalate over refugee camps
Film flops hurt 21st Century Fox outlook
Crackdown on college financial-aid cheats


U.S. ECONOMY
Wholesale inventories fall for third month in row
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

Why is everyone freaking out about ‘CoCos’?
 
Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche Bank shares fall again in bank rout

Why the selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

Market strategists are coming to believe the main things stocks need right now is an investor purge.
Strategists are arguing that stocks need a true purge

These charts detail S&P 500’s precarious posture
Michael Brush: Stock-market stars are aligned
Double-digit market decline in an election year?

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

IEA warns oil surplus will be worse than expected
IEA warns oil surplus will be bigger than expected
Oil rises, shrugging off IEA report

Oil industry woes grow as storage levels hit ‘critical level’
Oil woes grow as storage hits ‘critical’ level

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016

Nikkei skids 5% as 10-year bond yield moves negative
Japan minister warns against yen’s ‘rough’ rise

Convertible bonds are alluring as stocks slip
Convertible bonds are alluring as stocks fall


Record number of Americans give up citizenship

Facebook, Amazon are the keys to tapping this market
French regulator threatens to fine Facebook
India bans  Facebook’s free Internet service


Google CEO Sundar Pichai gets $199 million in stock

Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Hurdle on Yelp’s path toward ‘unicorn’ status

This has been the No. 1 car in America for decades
How far can you get on $50 in gas?


/conga/frontpage.html 367459

Markets »

74.69MDow Volume:
Avg Vol: 129.39M
Unchanged
145
Decliners
4458
Advancers
1837
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,978 -49 0.30%
Nasdaq
/quotes/zigman/12633936/realtime 4,257 -27 0.62%
S&P 500
/quotes/zigman/3870025/realtime 1,846 -7 0.38%
GlobalDow
/quotes/zigman/629063/realtime 2,081 -22 1.07%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.33%
Oil
/quotes/zigman/2260836/delayed 28.26 -1.43 4.82%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,471 -44 1.76%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.98%
Yen
/quotes/zigman/16008150/realtime/sampled 114.75 -1.10 0.95%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.19%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.30%
DXY Index
/quotes/zigman/1652083/delayed 96.01 -0.67 0.69%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.24 -0.40 0.44%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 -0.03 1.86%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 28 -1 4.82%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.33%
Corn
/quotes/zigman/25518691/delayed 361 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 15,933 -55 0.34%
S&P F
/quotes/zigman/43106711/delayed 1,844 -8 0.42%
Silver
/quotes/zigman/32655632/delayed 15 0 0.82%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.06 -0.69 -0.69%
AAPL /quotes/zigman/68270/composite 95.12 0.11 0.12%
GOOG /quotes/zigman/59527964/composite 679.30 -3.44 -0.50%
BAC /quotes/zigman/190927/composite 12.21 -0.06 -0.49%
C /quotes/zigman/5065548/composite 37.23 -0.58 -1.53%
F /quotes/zigman/264304/composite 11.33 -0.26 -2.24%
T /quotes/zigman/398198/composite 36.58 -0.53 -1.43%
BP /quotes/zigman/247026/composite 28.85 -1.07 -3.58%
GE /quotes/zigman/227468/composite 28.23 0.06 0.21%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/413712/composite USO-6.61%
  • /quotes/zigman/245568/composite DIS-0.22%
  • /quotes/zigman/8669138/composite DWTI+20.71%
  • /quotes/zigman/93928/composite PSEC-5.37%
  • /quotes/zigman/3059264/composite DUST+1.16%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration

SmartMoney Blogs

Encore
A blog about living in and planning for retirement

A 401(k) Fee Secret Revealed

Participants in 401(k) retirement accounts are starting to receive the new fee-disclosure forms the Department of Labor has mandated. I recently got mine — and I like what I see.

Gerry Boughan / Shutterstock.com

According to the statement I received in the mail in late July, I pay a mere 0.08% for the investments I hold in the 401(k) plan of my former employer, the McGraw-Hill Companies. When I joined the plan, I knew I was getting a good deal. As a large employer, McGraw-Hill is able to offer a menu of funds with very low expense ratios, ranging from 0.07% to 0.97% of assets. Because these fees are low, I decided when I left McGraw-Hill to leave my money in its plan, rather than roll it over to an IRA or to my current employer’s 401(k) plan.

Still, I always wondered whether the expense ratio I pay really covers all of my 401(k) plan expenses. Now, I have the peace of mind of knowing that it does.

Just as I was congratulating myself, I got a call from Joe Masterson, chief sales and marketing officer at Diversified, which is a record-keeper for 2,500 defined-contribution plans with $70 billion in assets and 2 million participants.

Masterson points out something that the new disclosures make clear to me: Investors in index funds, like myself, frequently get a free ride when it comes to plan administrative fees. The reason: Most index funds don’t pay the 12b-1 and sub-transfer agent fees that defray the administrative costs of 401(k) plans. Instead, these fees are paid by investors in actively managed funds.

“The active fund investors are often paying for the record-keeping costs of the passive fund investors, which isn’t fair,” Masterson says. “You are getting a free ride off of your colleagues.”

Because the system is working for me, I’m not about to complain. Diversified is betting that investors in actively managed funds will wake up to this reality, prompting employers to do something about it. The company recently introduced a program that’s designed to ensure that all 401(k) investors pay the same administrative fees, whether they are in active or passive funds.

Still, there is a chance that employees won’t notice this disparity. The reason: In many plans, the administrative fees are rolled into the expense ratios of actively managed funds. So, unless employees take the time to look in their funds’ prospectuses, they may never realize the expense ratios they are paying contain the 12b-1 and sub-transfer agent fees that, effectively, subsidize plan-related administrative costs for index fund investors.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 7)

View all Comments »
    • Mutual funds are an affordable way for an ufomnirned investor to diversify their investments to minimize risk. They are good in the respect that it allows you to probably not lose all your money if one or two companies go bad.On the other hand, they often have many charges incurred along with them for upkeep or maintenance and things like that. And often, the funds that have the highest amount of charges because they have the most active management often don’t show any better performance than a fund with little charges/activity.In the end though, mutual funds often don’t even beat the market performance, and returns can be harder to figure out on a daily basis. If you want to be able to see how you’re doing easily and up to the minute, consider an index fund which contains weighted pieces of a number of large stocks (like a NASDAQ or DOW index fund).On the plus side though, you can get money mutual funds from which you can write checks or even make interact payments, so basically operate like a bank account with higher interest.

    • Thank you Nicholas for sharing this thgouht. I agree, after watching my grandparents lose 1/3 of their retirement (over $500,000) during the past couple years, I know that investing my money in myself and my business is the best option. Mary in Kaysville 0Was this answer helpful?

    • Check out this calculator that allows people to compute just how much high 401k fees might be costing them, based upon their unique circumstances. Enter your current balance, annual savings, etc., and then find out how much, in dollars, high fees are costing you. It’s an eye opener.

      You can find the calculator at http://www.401kfee.com.

    • there is no reason why anyone should be paying 12b-1 marketing fees — this is a cost that should be born by the asset management company not the owners of the fund. this type of fee is just a way for firms to goose their bottom line.

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

New York Markets Close in:

need to know
How to get a free Chipotle burrito
Coca-Cola revenue beats, but profit falls short
Wendy's profit, revenue beats expectations
Sears warns on sales, to speed up closures
Head-on train crash kills at least 9 in Germany
Greek protests escalate over refugee camps
Film flops hurt 21st Century Fox outlook
Crackdown on college financial-aid cheats


U.S. ECONOMY
Wholesale inventories fall for third month in row
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

Why is everyone freaking out about ‘CoCos’?
 
Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche Bank shares fall again in bank rout

Why the selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

Market strategists are coming to believe the main things stocks need right now is an investor purge.
Strategists are arguing that stocks need a true purge

These charts detail S&P 500’s precarious posture
Michael Brush: Stock-market stars are aligned
Double-digit market decline in an election year?

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

IEA warns oil surplus will be worse than expected
IEA warns oil surplus will be bigger than expected
Oil rises, shrugging off IEA report

Oil industry woes grow as storage levels hit ‘critical level’
Oil woes grow as storage hits ‘critical’ level

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016

Nikkei skids 5% as 10-year bond yield moves negative
Japan minister warns against yen’s ‘rough’ rise

Convertible bonds are alluring as stocks slip
Convertible bonds are alluring as stocks fall


Record number of Americans give up citizenship

Facebook, Amazon are the keys to tapping this market
French regulator threatens to fine Facebook
India bans  Facebook’s free Internet service


Google CEO Sundar Pichai gets $199 million in stock

Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Hurdle on Yelp’s path toward ‘unicorn’ status

This has been the No. 1 car in America for decades
How far can you get on $50 in gas?


/conga/frontpage.html 367459

Markets »

74.76MDow Volume:
Avg Vol: 129.39M
Unchanged
142
Decliners
4456
Advancers
1843
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,988 -39 0.24%
Nasdaq
/quotes/zigman/12633936/realtime 4,259 -24 0.57%
S&P 500
/quotes/zigman/3870025/realtime 1,847 -6 0.33%
GlobalDow
/quotes/zigman/629063/realtime 2,081 -22 1.04%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.32%
Oil
/quotes/zigman/2260836/delayed 28.24 -1.45 4.88%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,471 -44 1.76%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.97%
Yen
/quotes/zigman/16008150/realtime/sampled 114.76 -1.09 0.94%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.19%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.30%
DXY Index
/quotes/zigman/1652083/delayed 96.02 -0.66 0.68%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.24 -0.39 0.44%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 -0.03 1.76%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 28 -1 4.88%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.32%
Corn
/quotes/zigman/25518691/delayed 361 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 15,933 -55 0.34%
S&P F
/quotes/zigman/43106711/delayed 1,844 -8 0.42%
Silver
/quotes/zigman/32655632/delayed 15 0 0.82%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 98.97 -0.79 -0.79%
AAPL /quotes/zigman/68270/composite 95.03 0.02 0.02%
GOOG /quotes/zigman/59527964/composite 679.07 -3.67 -0.54%
BAC /quotes/zigman/190927/composite 12.20 -0.08 -0.61%
C /quotes/zigman/5065548/composite 37.19 -0.62 -1.64%
F /quotes/zigman/264304/composite 11.31 -0.28 -2.37%
T /quotes/zigman/398198/composite 36.57 -0.54 -1.47%
BP /quotes/zigman/247026/composite 28.84 -1.08 -3.61%
GE /quotes/zigman/227468/composite 28.23 0.06 0.20%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/413712/composite USO-6.54%
  • /quotes/zigman/8669138/composite DWTI+20.55%
  • /quotes/zigman/245568/composite DIS-0.24%
  • /quotes/zigman/3059264/composite DUST+1.34%
  • /quotes/zigman/93928/composite PSEC-5.46%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration