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Whether it’s Bob Clark, my colleague over at ThinkAdvisor who recently opined on what 401(k) plans should cost, or a certain law professional at a deep blue school, who recently threatened to expose plan sponsors who pay “high” fees, the subject of 401(k) fees, strangely dormant since the advent of 408(b)(2) last summer, has erupted with a frenzy this summer. Through all this bickering, though, no one has stood up and identified the real issue with 401(k) fees. 

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