Retirement-Fund Fees May Get Squeezed by 401(k) Disclosure Rules
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When Marc Spirn took a close look at retirement-plan costs at his Philadelphia-based medical office, they were so high he helped the business change 401(k) providers and save about $30,000 a year.
“All of the partners in our practice were surprised with how much we were spending in revenue-sharing fees,” said Spirn, a physician who’s a retina specialist at Mid Atlantic Retina. “It wasn’t broken down well.”