401k disclosure fees

Statements on 401(k) Fees Will Be Eye-Opening

Posted on 10/1/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsYou’ve probably received by now a statement that reveals how much you’re paying in fees for your 401(k) retirement plan — and you’ve probably winced. After all, many of us were shocked to learn that we were getting charged at all for administration of our retirement plans. A recent AARP study found that most employees didn’t know the amount of fees and expenses associated with their 401(k) account. More than half  said they had no idea how these fees and expenses …

Beware Of The 401(k) Investments You Don’t Select

Posted on 07/9/2012 by |Money and Work | Comments

Bulletin Today | Money & SavingsMany of us have been focused lately on new 401(k) fee disclosures that let us see just how much we’re shelling out to the folks who administer our retirement plans. But what we haven’t heard much about—and this can be about as frightful as it gets—are the financial losses you could shoulder if your employer selects “default” funds on your behalf for your retirement account because you haven’t made a pick yourself. You’ll still be on the hook if those funds …