When you buy just about anything these days, it's easy to go online to price compare. You know pretty quickly whether you're getting a good price.
But 401(k)s are a different beast. Although the government requires disclosure on fees, it's not easy to tell whether you're paying too much. Millions are, but will never know it.
Of course, neither your employer nor the government will tell you how to do this, but you need to vet your plan for fee levels. You'll receive a plan disclosure statement that can open up the door. Here are some guidelines from Employee Fiduciary...
Holly Roussel-Godfrey joined the Employee Benefits industry in 2005 as head of marketing and sales for ftwilliam.com, a plan document and government forms software provider. Holly was responsible for developing successful marketing and sales strategies for each of the company’s software modules. Because of her passion for customer service, Holly was selected to develop a highly effective training program for Third Party Administrators and Advisors after the company was acquired by Wolters Kluwer in 2009.
As Vice President – Marketing & Sales for Employee Fiduciary, Holly is responsible for the sales team as well as all marketing initiatives for the company, including inbound marketing and social media. Holly earned her BS degree in Marketing from the University of Wisconsin – Milwaukee.