Monday, April 21, 2008
Who's Chipping Away at Your 401K?
How much of your nest egg is being frittered away on fees paid to the companies managing your 401(k)s? Buried in the fine print of incomprehensible forms (or not disclosed at all), those fees can consume thousands of dollars over time. But several lawmakers have introduced bills that would require mutual funds, insurers and other providers of retirement plans to make complete disclosures of their fees to employers and workers. Read more from the Los Angeles Times.