Low-Cost No Fees 401k NEVER Skims 401k Fees From Employees′ Retirement Savings…EVER!
As proven by this non-profit AARP report offered for download, the average employee saving for retirement will lose about $150,000 resulting from 401k fees skimmed from his or her 401k account by financial advisors and their 401k partners.
Fees skimmed from employees' 401k accounts goes directly into the pockets of advisors and their 401k partners. These 401k fees are IN ADDITION TO what the small business is directly charged for 401k recordkeeping. A double hit, plain and simple.
401k fees are big revenue generators for venture capital-backed financial advisors and their 401k partners, including Human Interest, Saveday, Ubiquity, ForUsAll, and Guideline.
401k fees are devastating for employees’ retirement security. Example, a small 401k fee of just 1% results in a massive 40% loss in an employee’s 401k after 30 years of working and diligently savings in the 401k.
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.