Buck Hartzell

And I was maybe one of the first that was like, hey, I don't really like the options we have here.

And for those who are listening at home, they might probably don't know this for sure.

We're on the committee, so we know this.

The Motley Fool's number one choice within our 401k plan with almost 30% of plan assets is actually an index fund.

It's a total stock market index fund provided by Vanguard.

And that's true today.

Back then we had an S&P 500 index, which is a little less diversified, right, than the total stock market index.

which was great to have an index fund option, but we were paying 1.5% a year for an index fund, bro.

I mean, you remember that.

I mean, fees were higher back then.

This is a passive index.

It's not actively managed.

Nobody's really doing anything except for hitting the button to rebalance every now and then.

And we were paying a percent and a half.

That's a heavy fee to pay.

And then

If you go outside of that, we had many of other choices and I think some red flags maybe for some of them as they were mostly provided by our plan sponsor at the time, which I won't name.

Some of them had even higher fees and worse performance.

And so some of us were like, we can do better, right?

We can do better.