US - The fee structure for 401(k) plans must be made more transparent as participants are often left unaware of costs that greatly reduce their total savings, a Government Accountability Office (GAO) report has claimed.
A 401(k) account with a balance of US$20 000 will grow to about $70 500 in 20 years if it has a net return of 6.5% each year, but with a net annual return of 5.5% that balance would grow to just $5...
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