I have the same problem as well with Oppenheimer Quest. Several of us went to our CEO and expressed concern about the high fees, low returns and weak service offered by Oppenheimer and their less than helpful hands.Anyway, an investment/retirement committee has been formed and we are off to an interesting start. As with anything, different people want different things from their 401(k) plan. Some value diversity...others care about fees...others care about returns (by using historically returns)...others think the stock market is all gambling and have theories such as "what was down will be up next year so...."I am strongly pushing a company with good index fund options (NOT THROUGH A VARIABLE ANNUITY) because of its obvious diversity, high returns (beats 90+ percent of mutual funds), and low fees. That seems to capture most of the concerns of our committee. We are currently leaning toward Vanguard. We also saw the Wall Street Journal piece on their low administrative fees for small companies and that is also appealing to management.Our place of business is proof that "fools" can make a difference, although it is certainly not easy. Most people are not "fools" and don't get it so it takes a lot of educating.In addition, I have also previously posted some links to Robert Shread pieces on how to figure for yourself whether it might be better to invest outside of a "bad 401(k) plan" and there certainly are situations where that would be "foolish".In fact, for the last 3 months of this year, I have decided by bail out of our plan and put the last $2000 in my own IRA (using RP and PEG). This decision is based on the fact that Oppenheimer Quest funds are terrible performers with high fees. Moreover, we hopefully will be changing investment companies shortly so I can avoid the huge backload associated with our current plan. My PEG stocks are already up 10% in just a few weeks compared to the negative return for the year in the Oppenheimer Quest funds.Anyway, best of luck and keep foolin'!mcadoo11
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