Just out of Reish
Revenue Sharing: What Is It?
The 401(k) industry calls it revenue sharing. The
mutual fund industry calls it 12b-1 fees, subtransfer agency
fees, shareholder servicing fees, and profit-sharing
payments. The Department of Labor (DoL) calls it indirect
payments. Plaintiffs' attorneys call it "hidden and
excessive" fees.
Reported by Fred Reish
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