The Marketplace radio show on National Public Radio recently ran a two part segment on 401k fees. They focused on how small employers and their employees don’t understand these fees and how much they can reduce retirement savings.
Of course, the banks,brokers, and insurance companies think the present system is pretty good. After all, if people don’t know what they are paying they are willing to pay a lot!
If you are responsible for your small organization’s 401k plan and want to find out how to get a low cost plan with full fee disclosure that’s easy to understand, check out my website for employer plans at http://www.longfinancialplanning.com/for-business-and-non-profits