Why Most People Don’t Know Their 401k or 403b Plan’s True Cost
Recently, Congress held hearings, and they proved that most 401(k) and 403(b) plans cost more than they should. What does Congress see that most employers and employees don’t see? Well, for starters, it is likely that you are paying more than the benchmark for recordkeeping and administration. And it’s also likely that you are paying more than you should for managed funds, index funds, and/or asset-allocation, target-date, lifecycle, lifestyle, and balanced funds. Remember, that’s just for