Mark Miller writes an article about the new transparency rules for your retirement plans.
“I think the public will be shocked when they see the dollar amounts they are paying,” says David Loeper, author of “Stop the Retirement Rip-off: How to Avoid Hidden Fees and Keep More of Your Money.” “If I have $100,000 in my plan and I’m being charged two or three percentage points, it’s going to dawn on me that I’m paying $2,500 a year in fees that I didn’t know about.”
“The only things you can control are your risk exposure and expenses,” Loeper says. “So, control what you can control.”
Read the entire article here http://www.reuters.com/article/2011/12/13/usa-retirement-fees-idUSN1E7BC0PB20111213