401k Fees are a mystery to many employees

For Many Employees, 401(k) Fees Are A Mystery

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A recent government study finds that nearly four in 10 Americans don’t understand the fees they pay for their retirement plan at work. A national survey conducted by my firm, Rebalance, found even worse news: Even more Americans — nearly… Continue reading

 

Business Owners Demand Better 401(k) Advice: Survey

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More than one-third of small business owners look to change their 401(k) plan advisor, a new survey has found — more than twice the number in 2020. Business owners seek better employee communication, lower fees, solid investment insights and higher… Continue reading

 

Price Check: Does Your 401(k) Plan Measure Up?

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As a nation we’ve become hyper-aware of pricing on nearly everything. Before, if you were interested in a pair of new sneakers or tires for your car, you could shop around but only at the cost of your time and,… Continue reading

 

Despite COVID-19 Related Economic Uncertainty, Retirement Balances Hit Record Levels in 2020

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Retirement account balances hit record levels in Q4 2020, according to a recent survey released by Fidelity. More good news: one-third of 401(k) savers increased their savings rate in 2020, while contribution rates for women in 401(k), 403(b) and IRA… Continue reading

 

Employers See 401(k) Lawsuits Increase Exponentially in 2020

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Lawsuits aimed at companies providing their employees with a 401(k) plan have increased five-fold in 2020. Companies large and small are seeing lawsuits from 401(k) plan participants questioning the prevalence of high fees and sub-standard investment options. Read more in… Continue reading

 
Fiduciary Rule Protections, Washington Post

A New Rule on Retirement Savings Advice Is in Your Best Interest

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A new rule has just been implemented by the U.S. DOL, and it could be a game-changer for those saving for retirement. In this Washington Post piece, Michelle Singletary details the many aspects of the landmark “fiduciary rule,” and how… Continue reading