With the new 401(k) fee disclosure laws in place, the problem of hidden and excessive 401(k) fees has come to the forefront. This study by New York-based Demos sheds light on the impact of this problem on the retirement savings of people who participate in their company 401(k) plans.
If you are a plan sponsor, Wise Planning can help you find out how much money Wall Street is taking from you and your employees. Click here to try our 401(k) calculator and see what your 401(k) plan fees could be. For more information, Contact us for a free detailed analysis of your 401(k) Plan Fees and Investment Options. Our analysis will provide context for the 408(b)(2) disclosure you receive and help you fulfill your fiduciary obligation.