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Here’s a question that you probably don’t want to answer honestly: What fees are you being charged by your 401(k) plan? Don’t feel bad if you haven’t got a clue, because that puts you in the majority. An AARP study a few years back found that 65 percent of 401(k) account-holders didn’t know they
Blog
David Callahan
Do you know how much your 401k is costing you? I would wager not, nor have you ever asked your employer about costs or looked in fund documents to find out. Chances are, it’s far too much and it’s eating away your retirement nest egg. Upcoming Labor Department regulations mandating disclosure of
In the media
John Wasik
Here's the latest scary retirement statistic. The average American couple could pay nearly $155,000 in fees for their 401(k) plans over their careers, reducing their eventual nest eggs by more than 30%, according to a new report. REPORT: The Retirement Savings Drain: Hidden & Excessive Costs of 401
In the media
Walter Hamilton
Retirement plan fees consume nearly one-third (30.3%) of an investor’s potential assets, a paper contends.
In the media
Rebecca Moore
American workers who don’t think twice about their employer-sponsored 401(k) plans may be surprised to learn that fees can cut their retirement savings by 30 percent over a lifetime. A household with two people earning the median income of their age group from 25 to 65 will pay an average of $154
In the media
Susanna Kim
Americans are increasingly dependent on credit cards just to put food on the table and keep the lights on, a new study shows. Although we’re doing a better job overall paying our bills on time these days, many people are relying on more easily attainable credit just to keep their heads above water.
In the media
Martha White
If you think your employer knows more about your 401(k) plan's fees than you do, think again. Sponsors of some 401(k) plans don't understand the fees they're paying toward plan administration, says a new report by the U.S. Government Accountability Office. The GAO reported on one case, in fact
In the media
Tobie Stanger
A median-income, two-earner household will pay nearly $155,000 over the course of their lifetime in 401(k) fees, according to a new analysis by national public policy center Demos.
Press release/statement
On April 19th, a coalition of national voting rights groups working on behalf of Georgia residents and advocacy groups secured a landmark settlement to ensure that voter registration opportunities are offered to all public assistance applicants, as is required by the National Voter Registration Act.
Blog
Adam Lioz
Mutual fund fees in 401(k) plans can look tiny—a median of 1 percent of assets per year, says financial-data provider Morningstar. But over a lifetime of saving, they can really scramble your nest egg. A recent study by Demos, a research and advocacy group, found that an American household of two
In the media