Patt Morrison for Friday, June 19, 2009

The (Nasty) Surprise Waiting in your 401(k)

As pensions die out and workers are forced to rely on 401(k) investment plans for retirement, it can quickly become confusing to keep track of exactly how much you're paying to manage your funds. A bill designed to bring transparency to hidden fees of 401(k) plans has just passed a House subcommittee but has an uncertain fate. How closely are you watching your retirement?

Guests:

Rep. Rob Andrews, D-New Jersey; chair of the House Subcommittee on Health, Employment, Pensions & Labor

Alison Borland, retirement strategy leader at Hewiitt Associates


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