Teddy Amenabar
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How to Check In on Your 401(k) Fees
This story was originally published by ProPublica. Read the story here. By Teddy Amenabar, Maya Miller and Paul Kiel The rules governing your retirement plan may be changing. As we reported in July, President Donald Trump wants to encourage 401(k) plans to invest more in private equity, real estate and cryptocurrency, which can be complex and risky.
How to Check In on Your 401(k) Fees
The rules governing your retirement plan may be changing. As we reported in July, President Donald Trump wants to encourage 401(k) plans to invest more in private equity, real estate and cryptocurrency, which can be complex and risky. To pave the way, the Department of Labor has proposed rules that would make it harder for employees to hold companies liable for how they oversee retirement plans. Employers are required to serve the best interests of their employees when choosing investment options.
Have a 401(k)? Help ProPublica Investigate What’s Really Happening to Your Money.
ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published. For some employees, the 401(k) system works great: They have easy access to low-cost funds with high returns. But many participants are stuck in investments with bloated fees and pay for costly advisory services on top — and may never know it because they’ve never scrutinized their plans’ disclosures.
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