Patting the wrists, rolling the eyes.

[Mmmm, Burger (C.J.)]

Originally posted by Sidd Finch
So is mine. Identify a private enterprise that operates with administrative costs as low as Social Security.

Identify a private enterprise given as much free reign over so much money as social security.

I'll bet that NASDAQ operates with lower admin costs.

Vanguard operates some funds with admin. costs approaching the levels that the federally run TSP does, which has a much larger base (most of the federal pension system).