Mobile Company Working To Streamline 401(k) s

60 Minutes Fees  The work relates to a story on Sunday’s 60 Minutes.
by Chad Petri
Published: Sun, April 19, 2009 - 8:55 pm CST Last Updated: Sun, April 19, 2009 - 9:18 pm CST
A Mobile company is working with a California congressman to streamline your retirement plan. Tommy Thomasson is the CEO of Mobile based DailyAccess Corporation. He testified before congress last year about the importance of getting uniform fee disclosures in 401(k) s. The issue was featured on 60 Minutes Sunday evening with California congressman George Miller. Thomasson says uniformity helps consumers compare plans.

“Which provider provides services that are of value to that plan and for what price, if it's not uniform, you can't compare one to the other in a standard way,” says Thomasson. He says this is about helping the retirement funds of all Americans. Without uniformity, he says you could pay more for your investments than necessary.
Embed:
Email a Friend Email to a Friend   
Printer Friendly Printer Friendly
Download Video   
Translate: » Spanish | French | German | Italian | Japanese | Chinese | Russian | Hindi

Recently Commented On

Reading Proves Difficult For…

4 Total Comments
Reading Proves Difficult For AL Students Analysis of the Alabama High School Grad Exam shows that… more »

Driver Loses Control Hitting…

2 Total Comments
Driver Loses Control Hitting 10 People Police are questioning a driver in Fairfield, Alabama, after… more »

Fire Destroys Abandoned House

8 Total Comments
Fire Destroys Abandoned House An empty, single story house was destroyed Friday morning… more »

Panhandle Man Fatally Shoots…

5 Total Comments
Panhandle Man Fatally Shoots Black Bear In Yard A Panhandle Man Has Fatally Shot A Black Bear Known To Roam… more »

Recession Hits Food Network…

1 Total Comments
Recession Hits Food Network Hard Mississippi Food Network will not be able to distribute… more »