Just learned a tip. Apparently M* only pulls expense ratio information from the audited annual reports and not prospectuses (prospecti???).

Why should we care? I did a quick search on a fund in my deferred comp program, GAPAX or Goldman Sachs Aggressive Growth Strategies fund. It showed an expense ratio of 0.6% on M*.

I thought, that seems almost too good even if it's got a bunch of underlying funds. I decided to dig into the prospectus and I pulled up 1.52%! What the?!?

I spoke with M* who said this has been a problem particulary with Goldman Sachs and that they only pull expense information from the audited annual reports. Not sure if anyone else knew that but I didn't.

So if this says anything...make sure to read that prospectus. The unsuspecting person could have been paying close to 100% more than they would have thought.