When Hidden Fees Erode 401(k)'s

EXCERPT:

"Administrative fees once borne almost universally by employers are chipping away at the returns of many investors in 401(k) retirement plans.

And the news gets worse: Most employees are unaware that they may be paying hundreds of dollars of administrative fees, recent surveys show, and even fewer know that fund companies often rebate part of the fees to employers or outside administrators. While the rebates may be used to offset expenses charged to individual employees' accounts, they often cover overall plan expenses or pay for additional services without employee approval."

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