Color me perplexed. According to the Investment Company Institute, 17% of all 401(k) plan assets are still invested in funds with 12b-1 fees or loads.
Who knows how many more are exposed to revenue sharing? (See “401k Fiduciary Alert: Regulators Targeting 12b-1 Fees, Is Revenue Sharing Far Behind?” FiduciaryNews.com, July 26, 2016.) Unlike 12b-1 fees and commissions, which are required to stand out prominently on page two of every mutual fund's prospectus, revenue sharing records aren't required to be disclosed in an easily recognizable format.
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