Economy

High fees eroding many 401(k) retirement accounts

By Associated Press
Published April 13, 2014 1:37pm ET
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High fees eroding many 401(k) retirement accounts
In this Sept. 24, 2013 photo, freshly-cut stacks of $100 bills make their way down the line at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas. The average 401(k) fee _ a modest-sounding 1 percent _ can wipe $70,000 out of the typical retirement account compared with lower-cost plans that are widely available, according to a new study by a Washington think tank. (AP Photo/LM Otero, File) | LM Otero

It’s the silent enemy in our retirement accounts: High fees.

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