Head Topics

How To Uncover ‘Hidden’ 401(k) Fees

  • 📰 Forbes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Here's how to uncover 'hidden' 401 (k) fees:

The 404 disclosure is by far the easier of the two required disclosures for you to get your hands on. It’s the one designed for plan participants and it should be delivered on a periodic basis. It will include all the fees reported by your 401 plan’s various service providers to your company.

While a little bit harder to read, the 408 disclosure that goes directly to the plan sponsor contains far greater detail. Unfortunately, the DOL provided no template in the final Rule for this fee disclosure. As a result, there’s no way to say for certain what is disclosed, where it’s disclosed and how to interpret the data that is disclosed.

Here’s the problem with all these DOL required disclosures: there’s no guarantee you’ll see all the fees. The most effective way to uncover any potentially “hidden” fees is to go directly to the documents provided by the investment companies themselves.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

thanks

attack the banks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Do This If You Don’t Like Your 401(k) Plan’s FeesIf plan participants do discover the fees their 401(k) plan is paying are outrageous, what recourse do they have?
Source: Forbes - 🏆 394. / 53 Read more »

Do This If You Don’t Like Your 401(k) Plan’s FeesIf plan participants do discover the fees their 401(k) plan is paying are outrageous, what recourse do they have?
Source: Forbes - 🏆 394. / 53 Read more »

Do This If You Don’t Like Your 401(k) Plan’s FeesIf plan participants do discover the fees their 401(k) plan is paying are outrageous, what recourse do they have?
Source: Forbes - 🏆 394. / 53 Read more »

Do This If You Don’t Like Your 401(k) Plan’s FeesIf plan participants do discover the fees their 401(k) plan is paying are outrageous, what recourse do they have?
Source: Forbes - 🏆 394. / 53 Read more »

Annie Murphy's Go-To Skincare Mask is Super Affordable - E! OnlineHide your diamonds and hide your exes because Annie Murphy's beauty routine is a little bit Alexis and a whole lot budget-friendly.
Source: enews - 🏆 466. / 52 Read more »