Tuesday, March 06, 2007

Hidden fees seen eroding U.S. 401k retirement plans - Yahoo! News

Hidden fees seen eroding U.S. 401k retirement plans - Yahoo! News: "WASHINGTON (Reuters) - The U.S. government should require clearer disclosure of hidden fees that erode the investment returns of millions of Americans' 401(k) retirement plans, said a senior lawmaker and pension experts on Tuesday.

Just a one percentage point difference in fees over time can cut the gains in a 401(k) account by as much as 20 percent, said Rep. George Miller (news, bio, voting record), chairman of the House of Representatives E"

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