Retirement Update

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Check for High Fees on Your 401(k)

03/06/08 - 02:32 PM EST

Sonja  Ryst

It might not be so easy to do this, however.

"It's very difficult to figure out and the prospectus will not break anything down that enables the employee or retiree to figure out what he or she is paying," says Jerome Schlichter, partner at personal-injury law firm Schlichter, Bogard & Denton.

If you have a financial planner or investment advisor at your service, they should have enough training and experience to feel at home reading the legalese in your 401(k) statements.

Any consumer with a complaint or a question about a 401(k) plan can call the Employee Benefits Security Administration, or EBSA, at 1-866-444-3272.




1 2
» Next
Sonja Ryst has previously worked as a staff reporter at BusinessWeek.com and Dow Jones Newswires. She's also freelanced for publications including The Wall Street Journal. She graduated from Stanford University with honors.

Life & Money

Retirement Update

Go To Section Home


03/05/08
Grandparents' Choice: IRA or 529

Considering retirement savings versus contributing to grandchildrens' college accounts.


02/22/08
Is Your 401(k) Plan Ripping You Off?

Watch out for hidden fees and costs in your company's retirement plan.


02/06/08
Three Ways to Protect Your 401(k) in a New Job

Some steps can be tricky, but this transition is a chance to improve your finances.


02/04/08
Four Ways to Optimize Your 401(k)

With the market as crazy as it is, now's a good time to get your portfolio in shape for the long term.


05/19/08
Cramer on Top Searched Stocks: Yahoo!

Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.


05/17/08
Jim Cramer's Best Blogs

Catch up on his thinking on the hottest topics of the past week.


04/26/08
Coming Week: Make or Break

Investors will have to deal with a Fed meeting and another flood of earnings and economic data.


05/19/08
Top Rocket Stocks: Ensco

Ensco International and Echelon have the potential to move higher in coming days.


04/28/08
Monday's Analysts' Upgrades, Downgrades

See who made what calls.


05/19/08
Telecom Giants See a Savior in Video

The addition of video is helping telecom companies compete against cable and satellite companies.


05/19/08
Contract Expiration Tempers Oil's Rise

The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.


05/19/08
Analysts' Upgrades, Downgrades: Amazon

See who made what calls.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now.

Keep on top of the market and the critical information you need to make more profitable investing decisions.

  • Cramer's Daily Booyah!
  • Before the Bell

Privacy Policy

See All Free Newsletters

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!