California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Securities
Broker Misrepresentation
Brokerage Firms Sued
FINRA
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Misconduct
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Products
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Name:
Email:
Phone:
Are you a new client?
Message:
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

With New 401(k) Disclosure Requirement, Investors Should Review 401(k) Plan to Determine Fees Charged

In 2007, CNN reported the hidden danger in undisclosed 401(k) fees, a potential forfeiture of $85,000 for an employee who expects an 8 percent return over 25 years with a contribution of $150 per pay period to an existing $30,000 401(k) account balance.

In 2012, the U.S. Labor Department finalized new rules governing the disclosure of 401(k) fees, requiring providers to publish easy-to-understand "roadmaps" of fees for all enrollees. In the past, 401(k) plan sponsors buried the information about the fees they charged in lengthy plan disclosure statements.

By Aug. 30, 2012, investors will receive an initial report from their 401(k) plan provider with a simplified roadmap, that, for the first time, will give a comprehensive overview of all fees related to the employee's 401(k) account. In November, quarterly statements will also begin to include fees charged by the sponsor. To help prepare employees for these reports, the U.S. Department of Labor released the publication, "A Look at 401(k) Plan Fees."

Though analysts project 401(k) fees to ultimately fall as a result of this full disclosure, upon receiving the summer report, it is vital that employees determine their plan's level of fees charged in the past so as to determine whether they have been gouged by their 401(k) providers.

According to the Investment Company Institute, median 401(k) fees run the gamut from 0.3% for stable value accounts to 0.75% for equity accounts. Meanwhile, most balanced accounts contain fees in the 0.5 to 0.6% range.

If you believe you individually or your employees collectively have been unjustly overcharged 401(k) fees, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

accolades
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.
Website: