Most people invest in a 401(K) plan with high hopes of strong returns on their investment. However, the only thing guaranteed when it comes to your 401(k) plan is that participation comes at a price.
According to a new Hearts and Wallets poll, many Americans don’t realize how much their 401(K) plan is costing them in fees.
The majority of 401(K) plans invest in mutual funds and ETFs, almost all of which charge an “expense ratio” for fund management. As of 2014, the average expense ratio for funds that invest in stocks was around 0.54 percent, which may seem small. However, for a number of Americans that don’t realize they are paying anything at all for their 401(k), several hundred dollars in fees per year ...
/www.benzinga.com/etfs/broad-u-s-equity-etfs/16/05/8018739/your-401-k-plan-may-be-more-expensive-than-you-think alt=Your 401(K) Plan May Be More Expensive Than You Think>Full story available on Benzinga.com
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