No free lunch

With new participant fee disclosure regulations coming into effect next year, some employees may be in for a shock. Here's what you can do to start prepping them now.

By Andrea Davis
June 15, 2011

As the saying goes, there's no such thing as a free lunch. Yet, according to a recent survey by AARP, 71% of 401(k) plan participants reported that they pay no fees for their plan. When told of the fees, six in ten (62%) were not aware of the amount they pay in fees to maintain their account. Just under one quarter (23%) of those surveyed said that they do pay fees.

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