When the public finally caught on to the 401(k) extraction, the Big Three panicked. They launched "Voting Choice" programs to pretend they were returning power to the retail investor.

The catch? They know you aren't going to log in. The friction is the feature.

During Vanguard's 2024 pilot program, a microscopic 2% of investors opted in. They didn't democratize the boardroom—they just built a compliant facade over the exact same monopoly using your exhaustion as a shield. The illusion is dead.