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Losing Track of 401(k) Plans and Plan Fees
Bankrate
Aug. 5, 2005
Excerpt: I'd love to see [an] easy give-and-take information exchange applied to 401(k) plan expenses, since losing track of these fees is a widespread phenomenon. Have you ever tried to figure out how much you're paying for the privilege of contributing to your employer's retirement plan? Chances are that you have no clue. The scary thing is, even plan sponsors -- those who are entrusted with the fiduciary responsibility of acting in the best interests of plan participants -- often do[.]
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