What to Do If Your 401(k) Plan Has High Fees
From the U.S. News & World Report website
The fees you pay within your retirement account reduce your investment returns and could cost you tens of thousands of dollars over the course of your career. While you can’t always avoid 401(k) fees, there are some ways to minimize fees and limit the impact on your nest egg.
401(k) fees to watch out for include:
– Administration fees.
– Management fees
– Sales charges
– Investment fees
– Service fees
Here are some strategies to cope with high fees in your 401(k) plan.
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