Pew's research revealed 81 percent of small and midsized plan sponsors admitted to not having a good grasp of fees charged on the plans they sponsored. (Photo: Shutterstock)
When The Pew Charitable Trusts, one of the largest non-profit think tanks in the country, launched its retirement savings project in 2014, a primary function of the initiative focused on workplace retirement plan fees.
Now Pew has launched a lean, online fee-comparison tool intended to raise awareness among investors and policy makers of the impact high fees can have on retirement security.
Awareness of the correlation is in short supply, according to Pew's research, which has explored employer and participant awareness of investment and administrative fees in retirement plans.
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