One of the steps in the Free Market Fiduciary Process is to know all of the fees associated with your 401k.  This video explains just how much and how many different fees you could be looking at.  Fiduciaries need to be aware of these hidden and exorbitant fees because they are ultimately personally liable.  

“The hidden transaction charges reflecting commissions and spreads on trades, for example, are a very real cost, and they eat into investment returns just like any other cost” Peter Fitzgerald, Senator IL and Co-Sponsor Broad Mutual Fund Reform Act 2004.

Video posted at 8:48 AM (1 year ago) | Permalink