Andy Wang was quoted in a Forbes article by Chris Carosa, Senior Contributor.
Why Do Employees Think They Don’t Pay Fees On Their 401(k) Plans?
“Many plan participants incorrectly assume that their employer covers all retirement plan expenses,” says Andrew Wang, Managing Partner, Runnymede Capital Management, Mendham, New Jersey. “Also, the method that mutual fund and exchange traded fund (ETF) companies use to deduct fees, by making adjustments to the net asset value (NAV) of the fund, does not make investment management fees visible to plan participants. That is, the fund expenses do not show up anywhere on the participant’s statement.”