Saturday, June 25, 2016

How Warren Buffet Makes Wells Fargo Money via Greensboro's News and Record and BH Media's Employees

Greensboro's News and Record employees are offered;

Wells Fargo Stable Value Fund M Expense Ratio - 0.78%

One Year Return - 0.99%
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Meaning Warren Buffet's BH Media employees are paying extra to Warren Buffet's Wells Fargo, which comes out of the net returns, as the following other classes of Wells Fargo Stable Value Fund returns and Expense Ratio's show;

Class N Shares - One Year Return - 1.42% - Expense Ratio - 0.36%

Class N15 Shares - One Year Return - 1.27% - Expense Ratio - 0.51%

Class N25 Shares - One Year Return - 1.17% - Expense Ratio - 0.61%
 
Class N35 Shares - One Year Return - 1.06% - Expense Ratio - 0.71%

Class M Shares - One Year Return - 0.99% - Expense Ratio - 0.78%
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The higher the fee, the lower the return for the employee, the more Wells Fargo makes from BH Media's employees.

If Jeff Gauger, Richard Barron, Amanda Lehmert, Susan Ladd or Joe Killian etc... had $10,000 in the Wells Fargo Stable Value Class N Shares, they would have ended up with 0.43% more at the end of 2014;

1.42% return for N, - 0.99% return for Class M, which BH Media provides = 0.43%

They would have made an extra $43 with the lower cost fund.

Every $100,000 would make an extra $430 per year.
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North Carolina's 401k Wells Fargo Stable Value Fund charges 0.45%

https://www.retirement.prudential.com/RSO/web/fundsheets/NC_401SVF.pdf
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WELLS FARGO STABLE VALUE FUND
for Wells Fargo Employees Expense Ratio - 0.20%

https://www.futureadvisor.com/401k/wells-fargo-company
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Actual Cost of the fund - 0.227%
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Berkshire Hathaway BH Media Group Companies;

http://www.bhmginc.com/our-properties/
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A Few Observations on Share Classes and Wells Fargo Stable Return Fund

http://hartzman.blogspot.com/2014/06/a-couple-of-observations-on-share.html
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The Greensboro News and Record's 401k Plan Fees; Looks like Warren Buffet doesn't practice what he preaches

http://greensboroperformingarts.blogspot.com/2015/03/the-greensboro-news-and-records-401k.html
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http://www.galliard.com/tiaa-cref/galliard_SVM-P.pdf

http://www.galliard.com/tiaa-cref/SVM_disclosure.pdf

https://ddol.divinvest.com/ddol/servlet/CatalogViewerServlet?doView=true&fieldDocumentCategory=18&fieldDocumentType=109&businessPartner=1&fieldLanguage=0&fieldDOC_DESC_T=Z317

https://ddol.divinvest.com/ddol/servlet/CatalogViewerServlet?doView=true&fieldDocumentCategory=18&fieldDocumentType=109&businessPartner=1&fieldLanguage=0&fieldDOC_DESC_T=S808

http://www.wellsfargoadvantagefunds.com/pdf/collective/FactSheet_StableReturnFund_N.pdf