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How Do Your 401(k) Fees Stack Up?
Posted By Carole Fleck On October 3, 2013 @ 3:18 pm In Bulletin Today,Money & Savings,Work | Comments Disabled
There’s a lot at stake. More than 50 million workers and retirees hold some $2.8 trillion in assets, according to the Investment Company Institute .
Related: How Much Income Will Your 401(k) Provide? 
In the meantime, the Wall Street Journal reports , third-party advisers are helping investors make judgments about the fees deducted from their plans for such things as record-keeping, administration and redemption.
Example: Personal Capital, a San Francisco startup, is now offering at no cost a “401k Fee Analyzer” that tells people whether the fees they are charged are less than 1 percent a year (in the “green” zone), 1 percent to 1.99 percent (“yellow” zone) or 2 percent or more (“red” zone).
The analyzer shows the potential impact of those fees on your plan balance over time.
Another option is Brightscope , a service that rates most 401(k) plans.
Why is all this important? Check out, courtesy of the nonprofit policy organization Demos , what impact the fees can have when you retire:
If that doesn’t motivate you to save more for your retirement, click on AARP’s 401(k) savings calculator . You might be surprised to see how your contributions and earnings add up over your working years.
For more information on 401(k) fees, check out the Department of Labor’s e-booklet. 
Illustration: 401k 2013/Flickr 
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Article printed from AARP: http://blog.aarp.org
URL to article: http://blog.aarp.org/2013/10/03/how-do-your-401k-fees-stack-up/
URLs in this post:
 the fees: http://www.aarp.org/money/budgeting-saving/info-07-2011/how-much-you-are-paying-401k-fees.html
 401(k) accounts: http://blog.aarp.org/2013/06/17/average-401k-balances-for-55-plus-reach-255000-retirement-savings/
 Image: http://blog.aarp.org/wp-content/uploads/2013/10/6629023911_78606afce31.png
 Investment Company Institute: http://www.ici.org/
 How Much Income Will Your 401(k) Provide?: http://blog.aarp.org/2013/05/13/how-much-income-will-your-401k-provide/
 reports: http://blogs.wsj.com/totalreturn/2013/10/01/401k-fees-how-much-is-too-much/
 Brightscope: http://www.brightscope.com/ratings/
 Demos: http://www.demos.org/publication/retirement-savings-drain-hidden-excessive-costs-401ks
 AARP’s 401(k) savings calculator: http://www.aarp.org/work/retirement-planning/401k_calculator/
 Department of Labor’s e-booklet.: http://www.dol.gov/ebsa/publications/401k_employee.html
 401k 2013/Flickr: http://www.flickr.com/photos/68751915@N05/6629023911/sizes/m/in/photolist-b6MtRH-bH1gop-bLxWgt-dmsvJq-aXpDNt-6hDEQk-8rrQN1-2HB5s9-5KQyH9-2tJjhi-ahwWjs-dvZpQL-dvZoYW-5t74wk-fJN7Sy-fJvzMr-ef25xn-dEUjrt-f8BZut-k45KY-dXwbJd-b6uP6e-5HaKHE-5x43kQ-zeCcd-9kNzo-5rm8Xu-dx2AKj-9kkSqC-9mGvz-873qU-ckgFC1-6kgPsa-6P3Bq2-9a3aeY-568MTX-9VrtW-9VruH-873qT-8p33H-8p33G-8e9oP-873qS-8hPHe-9JXDo-8nLfy-8nMmA-8meni-8jBcv-2kCZx8-8nLfA/
 401(k) Fees: Workers Aren’t Doing Much to Lower Them: http://blog.aarp.org/2013/08/05/401k-fees-workers-arent-doing-much-to-avoid-them/?intcmp=AE-ENDART1-BL-REL
 10 Simple Ways to Cut Expenses: http://www.aarp.org/money/budgeting-saving/info-10-2012/simple-ways-to-cut-expenses.html#slide1?intcmp=AE-ENDART2-BL-BOS
 Shopping for health insurance? The health insurance marketplace is now open: http://healthcare.gov/?intcmp=AE-ENDART3-BL-ADV-HCGOV
 Join AARP: https://appsec.aarp.org/MSS/join/application?intcmp=AE-ENDART3-BL-MEM
 AARP home page: http://www.aarp.org/?intcmp=AE-ENDART3-BL-HP
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