Emmy Award Winning Bloomberg Documentary

Bloomberg Television’s special on 401(k) “hidden fees” spotlighted how opaque costs, layered fund expenses, revenue-sharing, and administrative add-ons, quietly erode workers’ nest eggs over time, with Bloomberg Television reporter Mike Schneider walking viewers through real-world impacts and what plan sponsors and savers can do about them. The program echoed, and was framed by, the groundwork long advanced by my 2007 paper and congressional testimony, which mapped the economics of hidden 401(k) fees and called for quantifying and controlling them; that body of work helped give the documentary its lens for exposing costs and urging fiduciary discipline. It was later nominated for and won an Emmy Award in 2008.