More than $500 billion in U.S. 401(k) assets may be invested in mutual...

More than $500 billion in U.S. 401(k) assets may be invested in mutual funds that share revenues with other service providers, such as administrators and record keepers, and between $1 billion and $1.5 billion in investor assets may be redirected each year, according to a new report by McHenry Consulting Group. Overall, the report found that revenue sharing is poorly disclosed and relatively unregulated. Ward Harris, managing director at McHenry, said the study was done because the 401(k) community hasn’t had much information about this area. About 20 million American 401(k) plan participants may be affected by revenue sharing, according to the study.