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ASPPA: Biased analysis maligns 401(k) plans

ASPPA CEO Graff says a recent report citing 401(k) fees costing a third of an individual's investment returns is "ridiculous and biased."

By Brian H. Graff | Updated on May 31, 2012

The following is a statement from Brian H. Graff, CEO and executive director of The American Society of Pension Professionals & Actuaries in response to the Demos report, “The Retirement Savings Drain: Hidden & Excessive Costs of 401(k)s.”

“A May 29 report by the liberal think tank Demos targets 401(k)s as a ‘retirement drain’ saying the fees associated with the plans outweigh any benefits associated with the popular savings vehicle. They claim an average couple will pay over $150,000 in 401(k) fees over their lifetime – costing them one third of their investment returns.

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