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There are more than 50 million Americans with investments in 401(k) and other defined-contribution retirement-savings plans. They’re about to be getting more information about the fees they pay. By one estimate, it could be sobering news. Retirement-plan administrators have to provide detailed
In the media
Kelly Greene
Millions of Americans with damaged credit records are at risk of being unfairly denied job opportunities by companies that use credit histories to screen applicants. Faced with growing public complaints, seven states have rightly limited the use of credit histories by potential employers. Federal
In the media
Question: How much money are you paying in 401(k) fees? Answer: Have you thought about buying a home lately?
In the media
Helaine Olen
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
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
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