Is your 401k working for or against you?

You might think I’m talking about your 401k investment choices, and while that is important and needs to be aligned with your goals, what I’m talking about here are the fees that 401k providers charge companies and their employees.

Check out this brief CNN video for an example of what I’m talking about:

The mention of 3% fees in 401k plans is the rule more than it is the exception.  This is sad but true.

If you don’t know the fees associated with your 401k, find out about them.  They could be creating some major detours on the road to retirement.