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3 Frightening Types of 401(k) Fees

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Saving for retirement shouldn’t be scary. A 401(k) offered through your employer makes saving for the future more convenient — but some plans have a dark side that can haunt you with monstrous fees.

The U.S. Department of Labor’s Employee Retirement Income Security Act requires employers to annually disclose fees and provide a quarterly statement of fees and expenses charged to 401(k) participants. Ask your human resources representative or the manager of your retirement account how the fees below are applied to your plan and who pays them.

Fearsome fees that drag down your 401(k)

Investment fees. These costs fall into three categories:

Expense ratios are the annual fees tied to mutual funds, index funds and exchange-traded funds. Your...

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