In an effort to close the knowledge gap of 401(k) plan participants, the Department of Labor has launched a new website filled with information on investment fees. The site is comprised of links to videos, webinars, and printed material. Whether the additional information will assist participants or add yet another layer of confusion remains to be seen. Behavioral research has generally shown that participants might be offered a multitude of investment choices, but in the end they will take the path of least resistance, holding perhaps a handful of investment options. Participants like simplicity in making investment choices. You can find Understanding Your Retirement Plan Fees on the the DOL's website at http://www.dol.gov/ebsa/publications/understandingretirementfees.html
Blog Author - Ken Felsher
With over 25 years of writing, editing, and research experience. I enjoy sharing with my readers my love of working with content on a variety of subjects.