When it comes to what participants pay in fees in their 401(k) accounts, most Americans think they're getting a free lunch.
New research from the non-profit National Association of Retirement Plan Participants reveals 58 percent of working Americans don't realize they are paying fees on their workplace retirement savings plans.
But even among those who are aware access to the plans comes at a cost, most don't know how much. Only one in four surveyed by NARPP could accurately answer how fees are calculated.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
