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Asset management fees vary and most likely aren't listed on your statement The best place to see them is on your plan's Web site Retirement consultant: The majority of employers pass fees on the workers Legislation would make the fees more transparent to workers (AP) -- These days, not many people are smiling when they see their 401(k) statements. But they'd be downright outraged if they saw the fees that are automatically deducted from their returns. The Labor Department is proposing a rule that would require employers to disclose to workers the fees and expenses charged by mutual funds and other investments in a chart or similar format. The majority of employers pass the fees on 401(k) plans to workers, according to retirement consultant Barb Hogg. Following are some answers to common questions about 401(k) fees. Question:... [read full story]
