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401(k) Participants Will Soon Learn More About Costs of Their Retirement Plans: Many May Wonder Whether They're Getting Money's Worth
SmartMoney 
Mar. 16, 2012
"What investors see once that transparency arrives might be quite eye-opening. By rough estimates, 401(k) fees add up to anywhere from $30 billion to $60 billion a year. Do the math and that comes to as much as $164 million every day. The companies say they more than earn that impressive income stream, given the complexities of record-keeping and accounting for tens of millions of accounts -- not to mention investing the money. In testimony to regulators, fund companies have said their 401(k) charges compare favorably to the costs of getting the same services outside the plan."
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