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401(k) Fees: Workers Aren’t Doing Much to Lower Them

Posted on 08/5/2013 by | Money and Work | Comments

Bulletin Today | Money & SavingsThough we now know how much 401(k) fees are siphoning from our 401(k) plans, we don’t seem to be doing much about it. It’s been a year since the Labor Department required employers that sponsor a retirement saving plan to provide more information about the expenses connected with the various investment options and administering the plan. According to a new survey by the nonprofit Employee Benefit Research Institute (EBRI), 53 percent of defined contribution plan participants say they noticed the fee …