We've done a little more thinking about the rollover/401(k) question. Here's the fundamental issue as we see it...
Legally, ERISA plans are firmly rooted in fiduciary principles. Unfortunately, non-fiduciary practices such as excessive fees, poor disclosure, closet index funds, and product-driven selling continue to afflict thousands of 401(k) plans. Until all of that changes--and it could be a while--an intelligent, cost-conscious rollover should be the first choice for most investors.
