11/7/2014 – Finding, and Battling, Hidden Costs of 401(k) Plans (NY Times)

Nov 10, 2014 Comments Off by

In many retirement plans, a significant amount of future retirees’ funds are devoured by fees. According to a 2012 study published by the progressive think tank Demos, high 401(k) fees can drain $155,000 from an average household over a lifetime. Higher-earning households can lose even more — up to $278,000.

Despite a federal requirement that plan fees be disclosed and numerous reports on 401(k) plan flaws, few employees question how much they are being charged, much less take their employers to court.

Read the full article at The New York Times.

Financial Landing 2014

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