Economic and Political Insights

Economic and Political Insights

Personal Finance & Investing

How to minimize the impact of 401(k) fees

David Bernstein's avatar
David Bernstein
Nov 19, 2024
∙ Paid
  • Retirement plan fees vary substantially across firms.

  • Annual fees appear trivial but small differences in the annual fee have a substantial impact on retirement wealth.

  • A median-wage worker at a firm with a high-cost retirement plan can pay more than $100,000 in retirement plan fees over her lifetime.

  • Workers can reduce lifetime retirement fees by moving t…

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