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How Much Are You Paying in 401(k) Fees?


How Much Are You Paying in 401(k) Fees?
Money.com
5 hrs ago
© Money; Shutter Stock
Retirement-401K-Hidden-Fee
Do you know how much your 401(k) costs? If your answer to that question is, “what cost?” then you’re not alone.
More than four in 10 people say they don’t know how much their workplace retirement plan costs, according to a recent study from financial research firm Hearts & Wallets. Another 16% of people think their plan is free.
While it can be difficult to suss out what those fees are, you have a legal right to know. And since they’re your retirement dollars, you should be aware of what fees you’re paying and how they can affect your ability to save. That’s because fees eat into your investment returns, and the higher they are, the bigger their bite. “Half a percent, a quarter of a percent, over time really does start to add up,” says Scott G. Moulton, partner at Capital Management Group in Milford, Connecticut ....

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