Filed Under:Health Insurance, Individual Health

ASPPA Criticizes Dēmos Report Conclusions on 401(k) Plan Costs

The American Society of Pension Professionals & Actuaries is questioning the conclusions of a report that claims the fees associated with 401(k) defined contribution plans outweigh the popular savings vehicles’ benefits.

The report, “The Retirement Savings Drain: Hidden & Excessive Costs of 401(k),” published by the liberal think tank Dēmos, New York, calculates that an “ordinary” American household will pay on average nearly $150,000 over their lifetime in fees or one third of their investment returns. The high cost, the report adds, is one that families in the current U.S. economy “can “scarcely afford to pay.”

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Nichole Morford

Nichole Morford
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