Savings & Pensions

Tampa Tribune - 401(k) Rule Finally Reveals Hidden Fees

Most people who contribute to a retirement plan at work don't have a clue how much they pay in expenses.

A new rule proposed by the Labor Department would require that all fees, administrative costs and related charges be clearly listed on statements. With employers replacing pensions with self-directed accounts called 401(k)s, a clarification of who is paying how much to whom is long overdue.