Paying Too Much in Fees?

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Providers have not been managing 401(k) plans for free but due to the new 408(b)(2) and 404(a)(5) regulations, fees are required to be disclosed and will appear on quarterly statements beginning November 15, 2012. In the past, fees were included in the net investment results but were not as visible. This fall when employees open their quarterly statements, they will see the fees being paid by the plan charged to their account shown as a percentage of their total account balance and as a dollar amount.

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