My friend John Tonsager who is an InvestEd instructor shared this article with me. Investors should be aware of changes regarding 401(k) statements. -Brad
Now more than ever, the onus is on you to save for retirement. With most companies having done away with traditional pension plans, 401(k)s and other contribution-based retirement plans have become the norm. And with their growing popularity comes growing scrutiny, with 401(k)s getting a lot of criticism over the years for having high fees that are hard even to discover.
That’s about to change with your next 401(k) statement.