Our daily roundup of retirement news your clients may be thinking about.
Do clients know where 401(k) fees are hiding? 401(k) participants are advised to determine the plan's investment and other fees that eat away a significant amount of their returns, according to CNBC. Despite laws that have increased transparency, many participants fail to take the time necessary to understand just what they are paying in fees, according to experts. The Department of Labor is expected to issue new regulations requiring advisors to observe fiduciary standards when providing retirement advice to their clients. --CNBC
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