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Illustration of How 401(k) Management Fees Add Up
Workplace Prof Blog 
Dec. 14, 2007 Excerpt: Wondering why it is so important for ERISA fiduciaries to prudently select mutual funds with reasonable management fees? Here's a telling chart provided to us by the good people at the New York Times' The Board Blog: The chart ... shows the effect on earnings of even one percentage point difference in annual fees on a 401(k) balance of $20,000 invested over 20 years. MORE >> |
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