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Resource ID: #23990
Subject: Savings And Loans
Source: Bloomberg News (New York)
Date: 2008-01-29



Although 50 million people in the United States have retirement savings in 401(k) plans, almost no one understands how much they are paying for them and how much money they may be losing in hidden fees. Most modern-day retirement plans have as many as 17 different fees, most of which are not disclosed to employees.

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