DOL should take cue from other nations to clear up 401(k) fees: GAO
Only about a third of U.S. savers are even aware that they pay fees on their retirement plans, a new report from the GAO found.
The U.S. has all but failed at helping people understand 401(k) fees, and it should look to practices used by other countries to improve that, data from a GAO report today suggest.
Only 36% of people surveyed by the Government Accountability Office thought they paid any fees for their 401(k) plan
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