401(k) Fees Can Put Off Your Retirement

No one would choose to postpone retirement for several years just to pay off 401(k) fees.

Many people, though, unwittingly are doing just that.

"People understand that 401(k)s cost money, but they never translate it into how much money that really is," says Christian Weller, a senior fellow at the Center for American Progress, a Washington, D.C.-based nonpartisan research and educational institute. "And these fees are steadily eating away at their retirement."

The key for consumers, then, is to be able to sniff out hidden fees. ...