What 401(k) Participant Fee Disclosure Could Mean for You
If you’re like many working Americans, there’s a good chance you participate in your company’s 401(k) plan. But you may not know that your plan has fees. Even if you do, you might not be sure exactly what those fees are. That’s about to change. Thanks to new government regulations, everyone eligible to participate in a 401(k) plan in which they can direct their investments will be receiving a statement disclosing the fees associated with their plan.
Dave Gray, head of Schwab Retirement Plan Services’ client experience team, explains what’s coming, and how to use the fee disclosure to make more informed decisions about saving for your retirement.
Watch the short video below for details on the types of fees you may be paying and, more importantly, for tips on how you can get the most from your 401(k).
Schwab Retirement Plan Services, Inc., Schwab Retirement Plan Services Company, and Charles Schwab & Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation. Brokerage products and services are offered by Charles Schwab & Co., Inc. (Member SIPC). Schwab Retirement Plan Services, Inc. and Schwab Retirement Plan Services Company provide recordkeeping and related services with respect to retirement plans.
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