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Month: November 2020

401k AUM — 401k Assets Under Management — AKA 401k “Skimming” by 401k Financial Advisor Pick-Pockets

Posted on November 17, 2020November 17, 2020 by 401kEasy

The vast majority of 401k providers selling 401k administration and investment services to small American businesses are surreptitiously charging plan participants 401k AUM fees. “AUM” stands for “Assets Under Management,” and represents your total 401k retirement savings. If you have saved $50,000 in your 401k, a 1.5% AUM would equal approximately $750 per year going…

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