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Reasonable vs. Excessive 401(k) Fees - Show 24-1
April 03, 2012
Mark and Tom watch a 2007 clip of former chairman of the Committee on Education & Labor, Rep. George Miller (D-CA), talking about hidden fees in 401(k) retirement plans. Fast forward to 2012—to the new 401(k) fee transparency regulations, scheduled to be effective in July. Fees impact both plan sponsors and participants, and it’s important to understand the difference between excessive and reasonable fees. Mark highlights IFA’s new 401(k) website, www.ifa401k.com, and walks viewers through the list of unreasonable fees on the “Spot the Hidden Fees in Your Plan” section.
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