financial services 401k advice, information & 401k resources for small businessesFinancial services 401k advice and 401k retirement plan information for small businesses 401k plans. The following topics addressed:
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financial services 401k advice, information & 401k resources for small businessesFinancial services 401k advice and 401k retirement plan information for small businesses 401k plans. The following topics addressed:
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| In the 401(k) provider industry, expense fee disclosure, whether to plan participants or plan sponsors, has been a notoriously murky affair. The impact of excessive hidden fees on plan participants’ retirement accounts is very significant over time. As example, consider a hypothetical 401(k) investment, such as a mutual fund, with deducted fees of 1.3 percent versus one with fees of just .02 percent. Applied to an initial $25,000 investment returning 10 percent, and compounded over 20 years, the difference between the "low-fee" investment and the excessively "high-fee" investment adds up to $31,701 |  |
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