The National Association of Plan Advisors is up in arms about the release of Yale Law School professor Ian Ayres' paper attacking high fees in the 401(k) industry.

The organization took issue with the first iteration of the paper, which was released last year, when Ayres attempted to "drum up outrage about high fees" in workplace plans. As part of his initial report, he called out the companies who were charging the highest fees.

NAPA says that the new report doesn't call out individual employers but still uses five-year-old data that doesn't take into consideration how far fees have come down since 2009.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.