May 15, 2016

...AND RICHER...:

401(k) Fees, Already Low, Are Heading Lower (ANNE TERGESEN, May 15, 2016, WSJ)

The fees savers pay in 401(k) retirement plans have been declining for years. Now, they stand to fall even further.

More information has become available about plan fees in recent years, making it easier for employers to bargain for lower costs. A wave of lawsuits alleging unreasonably high fees in 401(k) plans has pressured companies to better monitor expenses. And a new rule the Labor Department unveiled in April, which holds financial advisers to higher standards of behavior with clients, is likely to lead smaller plans--where fees remain highest--to cut costs.

Posted by at May 15, 2016 9:08 AM

  

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