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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
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
As wary as the public may be of Wall Street, it is not wary enough because the financial industry rips people off even more than most of us realize -- specifically, in 401(k) fees.
Blog
David Callahan
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
One of the main benefits of renewable energy is that we can meet our energy demands in a way that is more environmentally sustainable and through a medium that has a seemingly infinite supply. In contrast, fossil fuels are extracted through environmentally destructive means and will eventually run
Blog
J. Mijin Cha
Your retirement account statement likely does not tell you this, but fees are adding up on your IRA or 401(k) over time – and they can be substantial, as much $155,000 for a median income, two-earner family over a lifetime. That was not a misprint. In many areas, that amount will buy you a nice home
In the media
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

Why over a lifetime, 401k fees can cost a median-income two-earner family nearly $155,000 and consume nearly one-third of their investment returns.

Research
Robert Hiltonsmith
Yikes! The advocacy group Demos reports that a two-income couple — earning a median income over their careers — spends an average of $154,794 during their working lives on 401(k) fees. Fees, Demos says, eats up nearly one-third of their investment returns. A higher income couple pays even more in
In the media
Eileen Ambrose