A recent survey suggests that three-quarters of Americans are in the dark when it comes to 401(k) fees. Is that the case with the plans – and plan sponsors – you work with?
The TD Ameritrade survey of more than 1,000 investors found that the vast majority of people either erroneously believe they do not pay any 401(k) fees (37%), are unaware whether their plan has fees (22%), or do not know how to determine the fees (14%). And while about a quarter (27%) said they know how much they are paying in fees – well, you can’t help but wonder if they really do.
This week, we’d like to know about the participants – and plan sponsors – with which you work. Do they know how much they are paying? And what are participants doing with those 401(k) fee disclosures?
Reply to this week’s NAPA Net reader poll at https://www.research.net/r/29H9F5R.
And, of course, we’ll have it all wrapped up for you on Friday.
