Our daily roundup of retirement news your clients may be thinking about.
Finding, and battling, hidden 401(k) costs Contrary to what many workers think, workplace retirement plans charge hefty fees that can eat away substantial amount from their savings, according to an article on The New York Times. An average household can lose $155,000 from high 401(k) fees over a lifetime, with households in higher income brackets losing up to $278,000 from these fees, according to a study. Although the federal government requires employers to disclose 401(k) fees to their employees, only few workers take time to know the amount they pay for their plans. -- The New York Times
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