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need to know
Apple to host Sept. 9 product event
Business investment stars in GDP report
Wall Street’s missing a closed-end bargain
The best jobs for millennials
CEO pay surged last year
The happiest and least happy countries
Tiffany's slides on weak earnings, outlook
Apple closing in on Fitbit as for wearable crown
Stock rout hits hedge-fund yearly gains hard
6 most shorted NYSE stocks (24/7 Wall St.)
FTSE enjoys triple-digit gain in London

Poll shows Biden running stronger than Clinton
Republican wants more than the sequester

Donald Trump says he’s OK with raising taxes on himself
Trump: I’m OK with raising taxes on myself

Bezos is clear about what Amazon’s culture is

Keep calm and make money in a crazed market
This market swell may be dangerous to ride
Amid chaos, new investors jumped into stocks

Wal-Mart: Demand is reason for its gun decision

Where your
Chinese food is delivered by plane

Sorry, Uber, but this is the end of the IPO party

Star-studded content up Netflix’s sleeve
'Mr. Robot' season finale postponed

Beijing, ‘Loch Ness monster’ in mystery of China rally

China takes unusual action to tame yuan expectations
China’s unusual action to tame yuan views
Analysts dismiss fears of a China hard landing

Jim Rogers: Don’t rule out a commodity bull run
Commodities are ripe for a rebound

How the media just can’t spot economic crisis

6 ‘services’ that help hackers get rich

4 things you didn’t know could be hacked
How vulnerable are U.S. markets to hackers?


$14 to send message-bearing potatoes


How to throw a  birthday party for under $100
Only half of Americans with kids have wills

Millennials are clueless about cellphone etiquette
Millennials realize growing up is hard to do

/conga/frontpage.html 353484

Markets »

171.94MDow Volume:
Avg Vol: 109.98M
Unchanged
150
Decliners
1105
Advancers
5355
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 16,655 +369 2.27%
Nasdaq
/quotes/zigman/12633936/realtime 4,813 +115 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,988 +47 2.43%
GlobalDow
/quotes/zigman/629063/realtime 2,361 +50 2.17%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.10%
Oil
/quotes/zigman/2331095/delayed 42.60 +4.00 10.36%
FTSE 100
/quotes/zigman/3173262/delayed 6,192 +213 3.56%
DAX
/quotes/zigman/2380246/delayed 10,316 +318 3.18%
CAC 40
/quotes/zigman/3173214/delayed 4,658 +157 3.49%
FTSE MIB
/quotes/zigman/1482176/delayed 22,201 +727 3.39%
IBEX 35
/quotes/zigman/2759620/delayed 10,290 +306 3.06%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +12 3.46%
Asia Dow
/quotes/zigman/6959860/realtime 2,753 +52 1.92%
Nikkei 225
/quotes/zigman/5986735/delayed 18,574 +198 1.08%
Hang Seng
/quotes/zigman/2622475/delayed 21,839 +758 3.60%
Shanghai
/quotes/zigman/1859015/delayed 3,084 +156 5.34%
Sensex
/quotes/zigman/1652085/delayed 26,231 +517 2.01%
Singapore
/quotes/zigman/1709939/delayed 2,945 +72 2.52%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.65%
Yen
/quotes/zigman/16008150/realtime/sampled 121.05 +1.12 0.94%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 -0.01 0.34%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.60%
DXY Index
/quotes/zigman/1652083/delayed 95.76 +0.48 0.51%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.30 +0.18 0.21%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.01 0.49%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.93 -0.05 2.73%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 -0.03 1.54%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.87 +0.02 1.11%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.02 4.00%
Crude Oil
/quotes/zigman/2331095/delayed 43 +4 10.36%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.10%
Corn
/quotes/zigman/7599553/delayed 375 +1 0.33%
DJIA F
/quotes/zigman/38649152/delayed 16,643 +394 2.42%
S&P F
/quotes/zigman/30356461/delayed 1,986 +48 2.48%
Silver
/quotes/zigman/3134148/delayed 14 +0 2.46%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.54 2.35 2.70%
AAPL /quotes/zigman/68270/composite 112.73 3.04 2.77%
GOOG /quotes/zigman/30194416/composite 636.66 8.04 1.28%
BAC /quotes/zigman/190927/composite 16.41 0.35 2.18%
C /quotes/zigman/5065548/composite 53.37 1.09 2.08%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.37 0.68 2.08%
BP /quotes/zigman/247026/composite 33.00 1.90 6.11%
GE /quotes/zigman/227468/composite 24.99 0.98 4.08%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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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

New York Markets After Hours

need to know
Apple to host Sept. 9 product event
Business investment stars in GDP report
Wall Street’s missing a closed-end bargain
The best jobs for millennials
CEO pay surged last year
The happiest and least happy countries
Tiffany's slides on weak earnings, outlook
Apple closing in on Fitbit as for wearable crown
Stock rout hits hedge-fund yearly gains hard
6 most shorted NYSE stocks (24/7 Wall St.)
FTSE enjoys triple-digit gain in London

Poll shows Biden running stronger than Clinton
Republican wants more than the sequester

Donald Trump says he’s OK with raising taxes on himself
Trump: I’m OK with raising taxes on myself

Bezos is clear about what Amazon’s culture is

Keep calm and make money in a crazed market
This market swell may be dangerous to ride
Amid chaos, new investors jumped into stocks

Wal-Mart: Demand is reason for its gun decision

Where your
Chinese food is delivered by plane

Sorry, Uber, but this is the end of the IPO party

Star-studded content up Netflix’s sleeve
'Mr. Robot' season finale postponed

Beijing, ‘Loch Ness monster’ in mystery of China rally

China takes unusual action to tame yuan expectations
China’s unusual action to tame yuan views
Analysts dismiss fears of a China hard landing

Jim Rogers: Don’t rule out a commodity bull run
Commodities are ripe for a rebound

How the media just can’t spot economic crisis

6 ‘services’ that help hackers get rich

4 things you didn’t know could be hacked
How vulnerable are U.S. markets to hackers?


$14 to send message-bearing potatoes


How to throw a  birthday party for under $100
Only half of Americans with kids have wills

Millennials are clueless about cellphone etiquette
Millennials realize growing up is hard to do

/conga/frontpage.html 353484

Markets »

171.94MDow Volume:
Avg Vol: 109.98M
Unchanged
150
Decliners
1105
Advancers
5355
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 16,655 +369 2.27%
Nasdaq
/quotes/zigman/12633936/realtime 4,813 +115 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,988 +47 2.43%
GlobalDow
/quotes/zigman/629063/realtime 2,361 +50 2.17%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.10%
Oil
/quotes/zigman/2331095/delayed 42.61 +4.01 10.39%
FTSE 100
/quotes/zigman/3173262/delayed 6,192 +213 3.56%
DAX
/quotes/zigman/2380246/delayed 10,316 +318 3.18%
CAC 40
/quotes/zigman/3173214/delayed 4,658 +157 3.49%
FTSE MIB
/quotes/zigman/1482176/delayed 22,201 +727 3.39%
IBEX 35
/quotes/zigman/2759620/delayed 10,290 +306 3.06%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +12 3.46%
Asia Dow
/quotes/zigman/6959860/realtime 2,753 +52 1.92%
Nikkei 225
/quotes/zigman/5986735/delayed 18,574 +198 1.08%
Hang Seng
/quotes/zigman/2622475/delayed 21,839 +758 3.60%
Shanghai
/quotes/zigman/1859015/delayed 3,084 +156 5.34%
Sensex
/quotes/zigman/1652085/delayed 26,231 +517 2.01%
Singapore
/quotes/zigman/1709939/delayed 2,945 +72 2.52%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 -0.01 0.64%
Yen
/quotes/zigman/16008150/realtime/sampled 121.05 +1.12 0.94%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 -0.01 0.33%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.62%
DXY Index
/quotes/zigman/1652083/delayed 95.76 +0.49 0.51%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.30 +0.18 0.21%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.01 0.49%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.93 -0.05 2.73%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 -0.03 1.54%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.87 +0.02 1.11%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.02 4.00%
Crude Oil
/quotes/zigman/2331095/delayed 43 +4 10.39%
Gold
/quotes/zigman/662444/delayed 1,124 -1 0.10%
Corn
/quotes/zigman/7599553/delayed 375 +1 0.33%
DJIA F
/quotes/zigman/38649152/delayed 16,642 +393 2.42%
S&P F
/quotes/zigman/30356461/delayed 1,986 +48 2.47%
Silver
/quotes/zigman/3134148/delayed 14 +0 2.46%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.54 2.35 2.70%
AAPL /quotes/zigman/68270/composite 112.74 3.05 2.78%
GOOG /quotes/zigman/30194416/composite 636.70 8.08 1.29%
BAC /quotes/zigman/190927/composite 16.41 0.35 2.18%
C /quotes/zigman/5065548/composite 53.37 1.09 2.08%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.37 0.68 2.08%
BP /quotes/zigman/247026/composite 33.00 1.90 6.11%
GE /quotes/zigman/227468/composite 24.99 0.98 4.08%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
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 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
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  • /quotes/zigman/8669138/composite DWTI-27.35%
  • /quotes/zigman/107036/composite ULTA+1.42%
  • /quotes/zigman/9766366/composite AMTD+3.06%
  • /quotes/zigman/3870025/realtime SPX+1.62%
X
Powered by StockTwits
Link to MarketWatch's Slice.

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

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  • Personalized news and quote email alerts
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