Dean Baker questions financial industry influence on retirement plan costs

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25.02.2026

Dean Baker questions financial industry influence on retirement plan costs — Baker flags retirement plan fee risks

Dean Baker raises concerns about whether new retirement savings plans mirror proposed programs from prominent U.S. political figures or if, instead, they allow financial industry players to extract substantial earnings from participants.

Baker specifically questions if these plans offer low-cost options comparable to the U.S. federal Thrift Savings Plan (TSP) or if the structure permits the industry to profit by as much as hundreds of billions of dollars.

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