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  • Safi Bello

Three-Quarters of Americans Are in the Dark When it Comes to 401(k) Fees

TD Ameritrade press release ----------- An eye-opening new TD Ameritrade survey of 1,000 investors shows that 96 percent of people know how much they pay each month for streaming media services like Netflix, Hulu and Spotify and yet just 27 percent know how much they’re paying in fees on their 401(k) accounts. The vast majority either may mistakenly believe they don’t pay any 401(k) fees (37 percent), don’t know if their plan has fees (22 percent), or don’t know how to determine the fees (14 percent). The hard truth? 401(k) plans aren’t free; about 95 percent of 401(k) participants are paying administrative and other fees in addition to fund fees. To get more in depth information click on the picture below to read the release.

Three-Quarters of Americans Are in the Dark When it Comes to 401(k) Fees - Read More from TD Ameritrade

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