401kPlans

Your Boss Doesn't Understand Your 401(k) Plan's Fees Either

401(k) plans are under fire for their high and often-hidden fees, which rob employees of their investment returns. But don't blame your employer -- when it comes to understanding the retirement plans they offer, the bosses are just as much in the dark as workers are.

401(k) Balances Hit a Record High in First Quarter

Americans' 401(k) plans are healthier than ever before, carrying a record average balance of $74,900 at the end of the first quarter, Fidelity Investments reports -- up 12% from a year ago. Meanwhile, nearly one in 10 participants increased their contribution rate during the first quarter.