Page 24 - Plan Administrator News Today : Breaking News, Live Updates & Top Stories | Vimarsana

That is a big concern, sometimes people just say send me the money and don't realize there will be a penalty, are there circumstances in which you can take money out where you wouldn't be subject to penalties? >> yes, there certainly is, jamie and that would be in the form -- not every 401(k) plan allows this. it is up to your plan administrator, not the federal government, but if you take a loan, and there is no limitation on what you can take that loan for, there is a dollar limitation, $50,000, or 5%, whichever is less, but, if you take a loan, while you are employed and do not lose your em...

Who handles your money and how much of it they themselves get to keep. ines ferre is in new york. ines, good to see you. where do we start here? >> tony, watch out for those 401(k) fees. fees and expenses paid by your retirement plan can significantly reduce your nestg. 1% difference in fees and expenses each year would reduce your account balance by 28%. we're talking day-to-day operating costs. look at investment fees and individual service fees associated with some plans. check with your plan administrator to find out what fees you're paying. and if you're not sure who to contact, go to you...