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You Could be Losing Thousands in 401k Fees

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You Could be Losing Thousands in 401k Fees

Duration: 00:37 2 days ago

What’s the most maddening fee you pay? To check your luggage? Use an ATM? Not even close. It seems as though businesses have specialized teams whose only job is to come up with new and more outrageous fees to charge us. Of all the many fees you pay, which is the worst? Which one has the most potential to take you to financial ruin? Of all those bank fees, convenience fees and other random charges we pay, the worst by far are the fees attached to 401(k) plans and other retirement accounts. Federal regulations require 401(k) plan administrators to disclose fee information to employees. However, many workers still do not understand and often overlook 401(k) fees.

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