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.
Americans may soon get the opportunity to invest more conscientiously in their workplace retirement accounts: A new survey shows that more and more employers are adding socially responsible investment choices to their plans, screening companies based on social and environmental impact.
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.