401(k) “Skimming” by 401(k) Financial Advisor Pick-Pockets The vast majority of 401(k) providers selling 401(k) administration and investment services to small American businesses are surreptitiously charging plan participants 401(k) AUM fees. “AUM” stands for “Assets Under Management,” and represents your total 401(k) retirement savings. If you have saved $50,000 in your 401(k), a 1.5% AUM…