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How Much Do You Know About 401(k) Fees?

Friday, February 28, 2014 - 8:19 PM
"Saving for retirement through a 401(k) plan sounds simple enough, but a lot of people are still unaware of all the fees associated with this retirement plan."

http://www.mybanktracker.com/news...-401k-fees
4
ShorebreakShorebreak2,625 posts since
Apr 6, 2010
Rep Points: 14,226
1. Sunday, March 2, 2014 - 9:12 AM
Not only are third party fees charged but employees should read their SPD to see if your employer charges you for their audit, their bookkeeping fees and paperwork, for taking the money out of your paycheck and other regulations etc. You should notice if you are working for an investment firm, bank etc if the 401K has their own products in the 401K and many of these many not be the best performing funds and they may also have fees making their corporation more money. 
1
Ally6770Ally6770914 posts since
Jan 16, 2010
Rep Points: 2,662
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