Hidden Fees Thirty Times more than expected in Your 401(k)

One of my blog visitors was kind enough to sent me this link to a video about 401(k) Hidden Fees aired on Bloomberg about two weeks ago.

They sent it to me after seeing my post on 401(k). I mentioned Matt Hutcheson a professional independent fiduciary expert in the post. This video as about a retiree who asked Matt to look into his company 401(k) retirement plan. He thought he was paying about $400 a year but was really paying about $14,000 a year, that’s right over 30 times what he was told the fees were. It eventually took 40-60% of his nest egg.

If you didn’t see the video make sure you watch it now. It should get you mad and if it does you should take action. Make sure all people you work with see it too and ask your employer to get a full report on your 401(k) plan. Click on the link below…

The Truth Behind Hidden Fees in 401(k) Plans

I wanted to rush this out because I believe it is so important. Even if you don’t have a 401(k) take a look because something similar may be happening to your retirement funds. No one is immune to this shameful behaviour by the very people entrusted with your retirement funds.

2 Responses to “Hidden Fees Thirty Times more than expected in Your 401(k)”

  1. […] admin wrote an interesting post today onHere’s a quick excerptThis video as about a retiree who asked Matt to look into his company 401(k) retirement plan. He thought he was paying about $400 a year but was really paying about $14000 a year, that’s right over 30 times what he was told the fees … […]

  2. […] may recall the video I posted a few days ago – Hidden Fees Thirty Times more than expected in Your 401(k). It showed how the 401(k) fund stated the fees were $400 a year when in fact they were $14,000 per […]

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