Sort by
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
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
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
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
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
In the latest unfortunate news at the intersection of motherhood and politics, stay-at-home moms are doing worse emotionally than their working counterparts.
In the media
Sharon Lerner
Every single working day of the year, American women pay a 22.6 percent gender tax on their income. By gender tax, I mean a negative transfer imposed upon women’s wages which reduces the wealth they control and increases the amount of time they work. Feminists know the gender tax as the pay gap (in
In the media
By now it's pretty clear that Mitt Romney's recent claim about female job losses during the Obama presidency has more to do with selective number fudging and electoral pandering than factual accuracy.
Blog
Jack Temple
NEW YORK – A new report reveals that African Americans remain disproportionately excluded from corporate and nonprofit board membership in New York City: Of the 697 directors that sit on the boards of the city’s 25 largest employers, only 5.7 percent are black. The study, by John Morning and
Press release/statement