June 26, 2012 – Management fees associated with typical 401(k) plans in the United States are about to become more transparent thanks to new rules from the Department of Labor.
High management fees have long been held up as a failing of a savings-type model like 401(k), over traditional pension plans which don’t require such fees. The new rules will show investors just how much they are paying.
It may be a jarring discovery, according to pension experts, some of whom say many 401(k) plans are too expensive, and that excessive fees eat away at potential earnings.
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