Warning: You May Be Handing Over $155,000 in 401(k) Fees

March 27, 2015 | | MainStreet |

NEW YORK (MainStreet) — When you stepped foot in your first job out of college, you may have heeded the conventional wisdom and opened a 401(k) account. But you may not have been aware that these retirement accounts don’t come for free.(...)

The average American household will pay $155,000 on 401(k) fees, according to a study from New York think tank Demos. “Most people are so cost-conscious, but they don’t think about the inherent costs that go with a 401(k),” said Jared Snider, a financial advisor at Exencial Wealth Advisors.