If you’re unsure if this fee change applies to you, don’t feel bad. According to a recent survey, 40% of 401(k) participants do not know if they’re paying any fees for their accounts. The fees associated with 401(k) plans are notoriously difficult to identify, and target-date funds are often the default option in your employer-sponsored retirement plan. So you might not have had much choice in how your 401(k) is invested, or even given the issue much thought. What are target-date funds?

Source: Daily Sun October 01, 2021 18:45 UTC