{"id":262509,"date":"2021-05-30T00:07:00","date_gmt":"2021-05-29T21:07:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-isnt-your-401k-doing-better-the-reason-may-surprise-you\/"},"modified":"2021-05-30T00:07:00","modified_gmt":"2021-05-29T21:07:00","slug":"why-isnt-your-401k-doing-better-the-reason-may-surprise-you","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-isnt-your-401k-doing-better-the-reason-may-surprise-you\/","title":{"rendered":"#\n  Why isn\u2019t your 401(k) doing better? The reason may surprise you"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a33dcc917ddf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a33dcc917ddf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-isnt-your-401k-doing-better-the-reason-may-surprise-you\/#There_are_a_lot_of_hands_in_your_retirement_accounts\" >There are a lot of hands in your retirement accounts<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/why-isnt-your-401k-doing-better-the-reason-may-surprise-you\/#Robert_Powell\" >Robert Powell<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Why isn\u2019t your 401(k) doing better? The reason may surprise you<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"There_are_a_lot_of_hands_in_your_retirement_accounts\"><\/span>\n  There are a lot of hands in your retirement accounts<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000287076\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Ever wonder why poorly performing or expensive mutual funds are among the investment choices in your 401(k) plan?<\/p>\n<p> Well, wonder no more.<\/p>\n<p>Researchers have discovered that something called revenue sharing is to blame.<\/p>\n<div class=\"paywall\">\n       According to a just published<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3752296\" class=\"icon none\"> paper<\/a>, recordkeepers in defined contribution pension plans are often paid indirectly in the form of revenue sharing from third-party funds on the menu.\u00a0<\/p>\n<p>And the researchers, Veronika Pool, professor at the Vanderbilt University, Clemens Sialm, a professor the University of Texas at Austin; and Irina Stefanescu, an economist at the Board of Governors of the Federal Reserve System, show that these arrangements affect the investment menu of 401(k) plans.<\/p>\n<p>How so? According to the researchers, revenue-sharing funds are more likely to be added to the available investment options and are less likely to be removed.\u00a0<\/p>\n<p>The 401(k) recordkeeper is essentially the 401(k) plan\u2019s bookkeeper. The recordkeeper processes employee enrollment; tracks employee investments; logs the whether the contributions pre-tax, Roth, or employer pre-tax match, and the like; manages and records 401(k) loans and hardship withdrawals; and issues account statements to participants, according to David Ramirez\u2019s<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.forusall.com\/401k-blog\/401k-recordkeeper-what-they-do-and-what-to-look-for\/\" class=\"icon none\"> blog<\/a>.<\/p>\n<p>The recordkeeper does not, however, give investment advice or provide employee education and onboarding, for instance, according to Ramirez.<\/p>\n<p>Now there are many different types of recordkeepers. In some cases, the fund company that manages the 401(k) investments has a side recordkeeping business. Fidelity, Vanguard, TIAA, MassMutual, and Schwab are among those fund companies that also provide recordkeeping services. In other cases, payroll companies such as ADP, Paychex, and Gusto will do the recordkeeping.\u00a0<\/p>\n<p>Or the recordkeeper might be an insurance company, such as Empower, Voya, John Hancock, and Prudential.<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>And then there are independent recordkeepers that don\u2019t sell funds, don\u2019t sell insurance products, and don\u2019t have additional payroll products, according to Ramirez.<\/p>\n<p><strong>A primer on reviewing 401(k) fees<\/strong><\/p>\n<p>What do experts say about this research? First a bit of background.<\/p>\n<p>All fees (direct and indirect) must be disclosed as required by ERISA Section 408(b)(2), the primary requirement of which is the upfront \u201cfee notice\u201d that service providers must deliver to plan clients. That fee notice spells out the various types of direct or indirect compensation payable to the provider.<\/p>\n<p>Of course, no one ever reads those fee disclosures but here\u2019s what you\u2019d learn if you did:<\/p>\n<p>Recordkeepers get paid in three ways, according to Bonnie Yam, a principal with Pension Maxima Investment Advisory.<\/p>\n<p>1. Fees from investment companies for having their products listed on their platform;<\/p>\n<p>2. Actual recordkeeping services; and<\/p>\n<p>3. Investment fees from their own proprietary funds.<\/p>\n<p>Recordkeepers also share some of these payouts by making rebates to third party administrators or TPAs, one time and on-going, according to Yam. Some of the TPAs use the revenue to offset their expense, some don\u2019t. A TPA is used when a recordkeeper doesn\u2019t perform any administrative work for your plan.<\/p>\n<p>Now because there are so many ways these entities get compensated, it\u2019s hard to unravel each level of revenue sharing. So, \u201cthe easier way is to look at total cost,\u201d said Yam.<\/p>\n<p>Though some of these costs can be paid directly by employers, participants bear all of these costs in the vast majority of plans.<\/p>\n<p>And here are the components of total cost:<\/p>\n<p>1. Recordkeeping fees (direct-billed fees, asset-based or headcount-based);<\/p>\n<p>2. Additional TPA fees (direct-billed);<\/p>\n<p>3. Adviser fees (direct fees); and<\/p>\n<p>4. Fund expense (this is net of fund performance, so a higher fund expense will translate into a lower investment return).<\/p>\n<p><strong>Is the research current?<\/strong><\/p>\n<p>With that as a backdrop, Mike Webb, a senior financial adviser with CAPTRUST, said \u201cthe (researchers\u2019) findings of the paper are <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly consistent with the real-world experience; namely, the less revenue sharing that exists in a retirement plan, the better.\u201d<\/p>\n<p>This is true, he said, not only for the primary reasons cited in the paper, \u201cbut because it results in fee structures that are far less transparent to plan participants.\u201d<\/p>\n<p>Webb did, however, note that the researchers used old data and that their assertion that revenue sharing funds are less likely to be deleted from a menu may be a bit outdated.<\/p>\n<p>\u201cEmployer backlash against revenue sharing in general, particularly among larger plan sponsors that were studied in the paper, has led to a movement to fund lineups that are zero-revenue share,\u201d Webb said.<\/p>\n<p>Still, the revenue sharing practice is still somewhat common among small- to mid-sized plans.<\/p>\n<p>Joe DeBello, a plan consultant with OneDigital, said he\u2019s still \u201camazed at how many plan sponsors we still encounter post-408(b)(2) that are still completely in the dark on what revenue sharing is and if it exists within their plan.\u201d<\/p>\n<p>One of the most common issues is that revenue sharing exists \u2014 usually in addition to a stated\/direct recordkeeping fee \u2014 and the amounts being generated by the various funds is unlevel, according to DeBello. \u201cThis creates a scenario where, depending on fund selection \u2014 sometimes even by defaulting into the QDIA \u2014 one participant unbeknownst to them may be subsidizing the cost of administering and recordkeeping the plan for their peers,\u201d he said.<\/p>\n<p>What\u2019s more, DeBello said many recordkeepers still force plan sponsors to select from a limited menu of funds with, of course, the prerequisite of being on that limited menu is the existence of a certain minimum threshold of revenue sharing within the fund. \u201cThis one step greatly limits the opportunity for sponsors to choose what\u2019s in the best interest of their plan participants as opposed to what\u2019s best for their recordkeeper,\u201d he said. \u201cThankfully, we are seeing more and more \u2018open architecture\u2019 providers though there are still a lot of legacy problem plans out there.\u201d<\/p>\n<p>Given that the practice of revenue sharing still exists today, what should plan participants do about it? What can employees do to be smarter about their 401(k) fees?<\/p>\n<p><strong>Review fee disclosure documents<\/strong><\/p>\n<p>Yam said 401(k) plan participants should first review their 404(a)(5) fee disclosure document, which provides a breakdown of the fees on plan administrative side and on an individual basis (i.e., fees for distribution, loan administration etc.).<\/p>\n<p>Look for any language describing revenue sharing and how it is utilized: offsetting other fees, rebated back to you, for example. \u201cRevenue sharing isn\u2019t always a problem, though how it\u2019s treated is where the inequities can arise,\u201d DeBello said.\u00a0<\/p>\n<p>With respect to recordkeeping fees, Webb said it\u2019s often expressed as an annual basis-point charge (e.g., 10 basis points = 0.10% = $10 per $10,000 of your account balance), but sometimes is the same regardless of account balance size (e.g., $50 per year per account regardless of size) particularly in larger plans.<\/p>\n<p>\u201cThis fee is extremely important, as it often drives the total costs of plan investments as sponsors will often use revenue sharing to offset such fees rather than charging it directly to participants,\u201d he said.\u00a0<\/p>\n<p>Note: If you have a fee deducted from your account right now, do not assume that fee is the recordkeeping fee\u2014account fee deductions may be made for a variety of purposes, said Webb.<\/p>\n<p>Generally, plan participants are supposed to receive 404(a)(5) disclosure documents annually.<\/p>\n<p>But if you don\u2019t receive your disclosure, DeBello recommends asking the human resources department or your provider directly for those documents.\u00a0<\/p>\n<p>Some, mostly large employers, have professionals on staff to explain the fee disclosure documents to you but often your employer may refer you to professionals employed by their recordkeeper, which is obligated to provide this information, said Fred Barstein, founder of The Retirement Advisor University.<\/p>\n<p>Also of note: \u201cIf your employee benefits department cannot tell you the amount of the recordkeeping fee, you should view that as a red flag,\u201d said CAPTRUST\u2019s Webb.<\/p>\n<p><strong>Examine direct fees and fund expenses<\/strong><\/p>\n<p>Review too, your direct fees, which should <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear on your account statement.\u201d It should state how much expense is being deducted,\u201d Yam said.<\/p>\n<p>Finding out what your plan investments cost is easier than you might think, Webb said. Most participant websites have a page in their investments section that list all funds and their expenses.\u00a0<\/p>\n<p>Expenses are often listed in basis points, or fraction of 1%. If you are in a large plan, expect that few, or zero, investments will exceed 100 basis points (or 1% or $100\/per $10,000 invested in the fund per year), with most investments in the 30-80 ($30-$80 per $10,000) basis point range, Webb noted.\u00a0<\/p>\n<p><strong>Review Form 5500<\/strong><\/p>\n<p>Yam also recommends reviewing your company plan\u2019s Form 5500 from the Labor Department\u2019s<a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.efast.dol.gov\/\" class=\"icon none\"> website<\/a>. The Form 5500 is an annual report, filed with the Labor Department, that contains information about a 401(k) plan\u2019s financial conditions, investments, and operations. Among other things, you can examine your plan\u2019s direct and indirect administrative fees in the Form 5500 report, said Yam.<\/p>\n<p>Not all plans are required to provide such 5500 fee information\u2014small plans with under 100 participants are exempt, and some plans don\u2019t file a 5500 at all\u2014but many plans are required to provide this disclosure, said Webb.<\/p>\n<p>In Yam\u2019s practice, they don\u2019t worry about the indirect payouts because all indirect will be captured by the fund expense. And if the fund expense is too high, it will affect the performance.<\/p>\n<p>In the somewhat-rare instances when an employer pays a plan expense directly, it will not appear on the 5500, said Webb.<\/p>\n<p><strong>Contact HR department<\/strong><\/p>\n<p>If the fee disclosure documents aren\u2019t clear, DeBello recommends contacting your human resources department to determine whom within the organization is responsible for oversight of the plan and request regarding the presence of revenue share and specifically the plans policy for utilizing it.<\/p>\n<p>\u201cWho knows, you may be doing your plan sponsor a favor by drawing their attention to it,\u201d said DeBello.<\/p>\n<p>Webb is of the same opinion when it comes to fees. \u201cIf you don\u2019t like your fees, let your employee benefits person know,\u201d he said. \u201cMost plans are subject to a federal law known as ERISA, which requires plan sponsors to act in the best interest of participants and beneficiaries. And even plans that are not subject to ERISA, such as governmental and most church plans, follow similar practices. That means that many individuals at your employer are what are called fiduciaries to the plan and must act in the best interest of you and other plan participants. Thus, if fees are high, they should at a minimum be able to explain why that is the case, and what they are doing to lower fees.<\/p>\n<p>Nate Wenner, a principal at Wipfli Financial Advisors, shares this point of view.<\/p>\n<p>\u201cParticipants should pay attention to their annual fee disclosure report from their employer plan,\u201d he said. \u201cAsk questions of the plan provider and their employer if the investment choices seem skewed toward expensive options.\u201d<\/p>\n<p>Employers, Wenner said, sometimes don\u2019t realize the cost structure of the funds in their own plan. \u201cBut they generally want their employees participating and will likely respond accordingly if made aware of expensive choices that are making participants leery of participating in the plan,\u201d he said.<\/p>\n<p><strong>Contact your plan\u2019s fiduciary for help<\/strong><\/p>\n<p>Barstein also recommends asking the fiduciary retirement plan adviser or consultant employed by the 401(k) or 403(b) plan to get fee info and a better understanding of how fees are paid along with how you can best utilize the resources offered by the employer, recordkeeper and adviser\/consultant to maximize results. \u201cIn all likelihood, the participant is paying the fees of that adviser\/consultant through a percentage of the asset management fees of the plan\u2019s investments. So act like they work for you \u2014 because they do,\u201d he said.<\/p>\n<p><strong>Review target-date fund fees and performance<\/strong><\/p>\n<p>In plans where there is a zero-revenue share target-date fund (TDF), Webb recommends checking out the performance of that fund versus your self-selected investment portfolio net of investment fees for as long a time horizon as possible.<\/p>\n<p>According to Webb, most online recordkeeper portals now allow participants to display the customized rate of return of their own portfolio for at least a year, making a direct comparison easy.<\/p>\n<p>And, if the performance of the TDF is the same or better, switch to the target-date fund.<\/p>\n<p>If, however, you don\u2019t have a revenue-share-free TDF and wish to self-select investments, see if there are revenue share-free options in the asset classes in which you wish to invest, said Webb. \u201cIf so, compare the longest-term performance available net of fees of the revenue sharing and zero-revenue sharing option, and select the one with the better performance,\u201d he said. \u201cOf course, past performance is no guarantee of future performance, but cost actually is a decent future indicator, and often the fund with the better track record will be the lower cost fund at any rate.\u201d<\/p>\n<p>Then, observe your results over time and adjust accordingly, said Webb.<\/p>\n<p>\u201cIf, on the other hand, your plan has zero revenue sharing options, or an insufficient amount to create a well-diversified portfolio, lobby your plan sponsor for zero-revenue share funds,\u201d he said.<\/p>\n<p><strong>Look for low-cost investments and complain about poor-performing funds<\/strong><\/p>\n<p>You should also review your investment returns. \u201cWhat we do is to try to find low-fee alternatives, i.e., funds that do equally well or better but with lower fees,\u201d said Yam. \u201cThat will give you back the savings that you deserve.\u201d<\/p>\n<p>Look for low-cost index investments. Most large plans have them and their costs are generally 15 basis points ($15 per $10,000) or lower, Webb said.\u00a0<\/p>\n<p>\u201cNote that, unlike recordkeeping fees, there is not a flat dollar option here, which means the dollar fees grow as your investments grow,\u201d he said. \u201cIf your investment costs are higher, particularly in a larger plan, it may be a sign that revenue-sharing is built into those investment fees, and is offsetting the recordkeeping costs of the plan.<\/p>\n<p>This is not necessarily a bad thing, Webb said. \u201cBut the fee structure would be much clearer to you and other participants if the recordkeeping fee was simply deducted from your account rather than being \u2018hidden\u2019 in the costs of the investments,\u201d he said.<\/p>\n<p>Yam also recommends avoiding low-performing funds. And she recommends questioning your plan\u2019s fiduciary poorly performing funds. \u201cPlan fiduciaries are supposed to replace low performing funds and those who fail to do so are not really doing their fiduciary duty,\u201d she said.<\/p>\n<p><strong>Take personal responsibility<\/strong><\/p>\n<p>Just as plan sponsors cannot delegate all fiduciary responsibility to third parties retaining the duty to hire qualified providers and ensure they are performing, individuals must take personal responsibility to understand how fees are paid and if the actual fees are reasonable given the types and quality of the service provided, said Barstein.\u00a0<\/p>\n<p>\u201cIf not satisfactory, hire an independent adviser to roll assets out of the plan into an IRA (if such a rollover is permitted; most plans do not permit such rollovers while employed) but still contribute to get the match and higher contribution limits,\u201d he said.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Robert Powell\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Robert_Powell\"><\/span>Robert Powell<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-7461-64B4D37F56A1%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Why isn\u2019t your 401(k) doing better? The reason may surprise you &#8221; There are a lot of hands in your retirement accounts Ever wonder why poorly performing or expensive mutual funds are among the investment choices in your 401(k) plan? Well, wonder no more. Researchers have discovered that something called revenue sharing is to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":262510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-262509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/262509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=262509"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/262509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/262510"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=262509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=262509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=262509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}