The New Dangers Of Hidden 401k Fees
These are not easy times to be a 401(k) trustee, and not just because the markets are volatile. Congress has begun to examine 401(k) expenses. So are plan participants, and there are already more than 1,000 lawsuits charging trustees with a breach of their fiduciary duties. Would your plan be vulnerable if subjected to that kind of scrutiny?
Many, if not most plans are saddled with excessive costs, underperform the markets, and expose the trustees to unnecessary and undeserved liability. Is yours one of them?
Hidden fees can reduce your plan assets by 50% or more! The CJM Fiscal Management white paper, The 7 Fatal Mistakes of Retirement Plans and How to Avoid Them, will help you to understand—and avoid—these seven fatal errors. It’s essential reading for anyone with fiduciary responsibility for a retirement program—from a small company 401(k) to a corporate plan with a $100 million balance.
About Charles Massimo
Recognized as industry expert and guest speaker at national industry conferences, Charles Massimo is a published author and media subject expert on topics ranging from wealth/asset management to investment and financial planning for high net worth families.