Exactly. But the number, which has no benairg on anything whatsoever, is being thrown around to get people whipped up into a frenzy. Even more likely, is the people throwing it around, Prof. Johnstone and Dylan, dont grasp the completely meaningless nature of the statistic. Again, if the pension plan were to double , the percentage as quoted would increase. From the way they talk about it, it almost sounds like they actually believe that is the fixed percentage of the fee being charged. I am hoping that a pulitzer prize winner from my alma mater is just trying to score points and isnt that ignorant.