No Fees 401(k) will NEVER Deduct or Skim Fees, Including Hidden Fees, From Employer or Employees' Assets...EVER!
- As proven by the non-profit AARP report offered for download below, the average employee using a 401(k) will lose about $150,000 from "fee skimming" by financial advisors and their partners.
- Fees skimmed from participants' 401(k) assets go directly into advisors' and their partners' pockets. These indecent fees are IN ADDITION TO what a small business pays for the 401(k) —a double hit, plain and simple.
- 401(k) fees are devastating for employees' retirement security. For example, an annual asset fee of only 1% results in a massive 40% loss in a participant’s 401(k) after 30 years of employment.
Most 401(k) savers are unaware they are paying unnecessary marketing fees and advisors commissions, extracted from their 401(k) accounts. It's a national scandal --- and reduces the typical 401(k) value by nearly $155,000!
--- Quote from AARP Report
Today the typical American household saving for retirement in a 401(k) will pay nearly $155,000 in un-necessary, excessive, mostly hidden 401(k) fees and commissions to brokers, agents and administrators.
--- Quote from Demos Report
