Five years, Bloomberg ran a special about the hidden fees in nearly all 401(k) plans.
Most participants thinks that there no fees in these plans. Over half of HR managers also think the same thing.
Since then, things have gotten slightly better, but not by much.
Congress has since mandated that all plans disclose the fees charged to the participants in 401(k) plans, it’s still notoriously hard to figure out.
One way the average user can figure out their fees is using Brightscope.com. While it may not be 100% accurate, it’s still a step in the right direction.