American workers on the whole tend to be overwhelmed with the whole notion of retirement responsibility, in that they don't know how much they should save, don't necessarily understand (or want to understand) investing and the choices involved, and have more immediate needs to see to than a retirement that seems forever away.

But another thing they don't really seem to grasp is the effect—or, for that matter, the amount—of fees on investments that their plans charge.

And that's a shame, since the fees can add up to a retirement that's poorer than it needs to be, says a Pew Charitable Trusts report.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.