Filed Under:Markets, Employee Benefits

How to Take Advantage of New 401(k) Fee Disclosures (U.S. News & World Report)

Beginning after May 31, 2012, 401(k) participants will receive quarterly statements showing the dollar amount of fees and expenses deducted from their account and a description of what each charge is for. The numbers could shock some participants according to a new AARP study, which found that 71% of 401(k) participants think they don't pay any 401(k) fees at all. 

The move to fee disclosure will give consumers several opportunities to reduce the costs of retirement investments, including switching to lower-cost investments, boosting returns, asking for better options, and ensuring that consumers actually receive and use the services they're paying for.

Read the story.

Top Sales and Marketing Ideas - 2014

Special Feature

2014 100 Best Sales & Marketing Ideas

There are a million ways to sell an insurance product, and any one of them may work depending on your target market, your product lineup and your own unique skill set.

Explore Now
More Resources

Comments

Advertisement. Closing in 15 seconds.