NEW YORK– A median-income, two-earner household will pay nearly $155,000 over the course of their lifetime in 401(k) fees, according to a new analysis by national public policy center Demos. “The Retirement Savings Drain: The Hidden and Excessive Costs of 401(k)s” details how the nation’s shift in retirement policy toward individual retirement accounts has made savers vulnerable to losing almost one-third of their investment returns to a complex, inefficient market. Sixty-five percent of retirement savers have no idea they are paying “off-the-top” administrative, investment management, and trading fees, according to the report. While reforms like the fee […]

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