401(K) Expenses

Have you ever wondered how much in fees is being deducted from your 401k account? There are several types of fees that can be deducted from your 401(k) account including the following: Loan processing fees – a one time fee deducted for borrowing money from your account. Loan maintenance fees – a periodic fee charged for …

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401(k) and 403(b) Plans to Disclose Fees Charged to Participants

If you’re like most people, it’s not easy to determine exactly how much you’re being charged for your employee benefit plan fees.  Some expenses are disclosed on your statement, but some are not.  Instead, they’re deducted from earnings, and only the net earnings amount is shown.  New rules issued by the DOL last week will …

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