Tag: 401k
The release of the Federal Reserve’s 2010 Survey of Consumer Finances (SCF) is a great opportunity to reassess how families are doing with their 401(k) plans. The SCF is a triennial survey of a nationally representative sample of U.S. households, which collects detailed information on households’ assets, liabilities, and demographic characteristics. The 2001, 2004, and…
As discussed in a recent post, the explicit fees of providing 401(k) plans fall into two categories – those associated with administration of the plan (recordkeeping, legal work, and accounting) and those associated with investment management. Neither employers nor employees have any real idea how large these fees are. Fortunately, the Department of Labor w…
