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Lynden Incorporated

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401k has HIGH fees, only Investor shares offered instead of better Vanguard Admiral shares - Anonymous employee Lynden Incorporated Employee Review

2.0
Jan 28, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

401k matching, good medical, good upper management

Cons

Lynden's 401k plan is with Vanguard. Vanguard offers both Admiral Shares and Investor Shares of the same funds. Lynden's 401k only offers investors shares which have a much higher expense ratio. This could be seen as a breach of the fiduciary responsibity of the Lynden 401k plan administrator. Why doesn't Lynden offer Admiral shares? Please offer the better, cheaper Admiral shares of the IDENTICAL funds.

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Lynden Incorporated Response
9y
Thank you for your comment. Lynden prides itself on offering a full range of competitive benefits, including a 401(k) with a company match. Lynden recognized the value of low-fee investing for the benefit of our employees at the inception of our 401(k) plan nearly 20 years ago. Lynden's plan is in the lowest fee (highest rating) category among our peer group, according to Brightscope. We would be happy to discuss plan particulars at any time with our employees and participants.

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