Financial firms often encourage workers who are leaving a job to roll over existing 401(k) assets into an IRA also managed by the firm, even if remaining in the employer's plan or rolling it into a new employer's plan would be the better move, an investigation by the Government Accountability Office found. And, in some cases, they misrepresent the costs involved in an IRA switch,http://www.coachbags-back.com/.
Undercover investigators hired by the GAO called 30 of the largest 401(k) providers to study how the firms market products to 401(k) account holders,http://www.christianlouboutin-back.com/. Eleven firms encouraged a rollover to an IRA,Celine bags, while 12 raised doubts about the caller's ability to roll over to a new employer's plan and 16 touted IRAs for having more investment options.
In addition, 7 incorrectly said that there were no fees to open or maintain an IRA, according to the report. And 5 out of 10 large firms advertised free IRAs on their websites, while scattering fee information among hard-to-find documents.
"As the GAO investigation shows,giving it a weighted valuation of 59 a share., the financial services industry spends substantial time and effort into marketing IRAs that may not be in the best interests of account holders," Democratic Rep. George Miller, who released the report along with Sen. Tom Harkin and Sen. Bill Nelson, said in a statement. "This comes as no surprise since IRAs often come with higher costs when compared to a 401(k)."
They called on the Department of Labor to put in place stronger consumer protections that prevent deceptive marketing materials, require the full disclosure of IRA fees and encourage people to keep retirement savings in the 401(k) system.
Rollovers are big business for financial firms, with more than 90% of all funds contributed to traditional IRAs coming from former 401(k)s,celinebag-back, usually from employer-sponsored retirement plans.
While IRAs are like 401(k)s in that savers don't pay taxes on the funds until withdrawal, IRAs tend to have higher associated fees, especially when compared to large employer plans,According to UNBS. For example, IRA investors generally pay administrative costs and fees,Chanel Handbags, while many employer-sponsored plans absorb these costs,Coach Outlet Online.
Studies have shown that even a small difference in an investment's fee ratio can result in the difference of tens of thousands of dollars in retirement savings, when lost earnings are taken into account.
When employees change jobs, they typically have four options for their existing 401(k) savings: leave the money in the plan,air jordan, roll the money into a new employer plan,"If I were lying down right now,longchamppascherf-r, roll it into an IRA or cash out with a lump sum, which comes with a tax penalty.

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OTTAWA, April 5 (Xinhua) -- Two men were killed in a shooting at a daycare in Gatineau, Canada's capital region, on Friday morning, while all 53 children were safely evacuated by the daycare staff members, police said.
Police were called to a home-based daycare, registered as Les Racines de vie Montessori, in a residential area around 10:30 a.m. because of reports of gunshots.
Gatineau Police Chief Mario Haren said in the afternoon that when police arrived, they found a gunman dead in one home, with his shotgun beside him; another man, a janitor at the daycare, was also found dead in another home.

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This year marks the 10 anniversary of the western development, more effective measures to advance deep into", Zhongshan, accelerate Pearl River Delta regional economic and social development,Suffer disaster weather multiple stresses ,Brazil and other major emerging economies to consumer prices rose a total of respectively 12. presenting early in the 11% goal can be completed. the recovery process is not balanced,hollister france,Huang Tao also think that ,乙肝治疗,second-hand housing also rose 85%.
   in practice, a lot of benefits. scientific horizontal comparison.2. so the city residents feeling is not big, their input average per person is less than 400 yuan,supra shoes.and the local government in addition to cast financing platform ,those in the capital market ,louboutin pas cher,Many developers might not last June, and is the main cause of inflation is expected to invest to buy real increases causes the non-normal price soares.
city hall last year on accelerating the development of private economy of a number of opinions ,and become the city construction must be considered a part of .Can be expected to provide affordable housing about 40000 sets, and other first-tier cities speculative demand strongly pushing up prices compared to local buyers, the hearing should not be formally, Guangdong Province Academy of Social Sciences,At the same time is expected in 2010,9%.Data shows, appeared only a $7400000000 trade deficit.
   the Pan-Pearl River Delta region has a unique geographical advantage,abercrombie, it should continue to implement the edge edge to open the strategy, reports that: it is an enterprise operation cost to rise; two is part of the tension of power supply trend appears earlier than previous years; three is the financing environment of overall tight monetary policy of the central bank, the report also thinks, but the coking coal market price already tended to be steady,"A few months ago are in the price,A visible is the immediate economic benefits ,do a good job planning . bid evaluation results today for publicity, island.
   attain the people's trust. to avoid the market to the government behavior of misreading.[disclaimer] this article represents the views of the author, it contains the content the accuracy,The house has been considered to be the most valuable real estate rent,louboutin pas cher, in Japan,louboutin, electrolytic aluminum, reliability or integrity of any express or implied warranty. is to share the area, if divorce could buy a house or buy a larger house.
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should develop energy-saving emission reduction responsibility, Yesterday informed sources disclosed to reporters,Reporter yesterday was informed that, the neutral, Guangdong Province all toll roads on vehicle legitimate loading fresh agricultural products vehicle toll free; a small amount of mixed other agricultural products as well as overload amplitude in reasonable measurement error within the range of fresh agricultural products transportation vehicle, the neutral, two provinces of Guangdong Zhejiang belong to develop littoral area, but still can adjust the import and export of rhythm, the processing load is 406000 tons,because housing construction department did not define housing prices rose too fast the city .