Are You Paying Too Much for Your 401(k)?

If you weren't already angry about losing money in your 401(k) over the last couple of years, consider this: You may be getting overcharged in investment fees.

Unfortunately, it's not always easy to figure out what you're paying out of pocket. But now that double-digit returns have become a distant memory, it's all the more important that you protect your returns from being consumed by high fees.

"When the stock market was going up, a lot of things that might otherwise have been problems went undetected, like high administrative fees," says Sherwin Kaplan, a benefits attorney at Washington, D.C.-based Thelen Reid & Priest. "People don't really care what fees they're paying if they're getting a net return of 25%. But when they get a net loss of 5%, they start wondering why they're paying all these fees." ...