Millions of Americans save for retirement in a 401k. They don’t think about it, because their 401k is saving money in the background. But something terrible is happening to most 401k savers. It’s called “401k pick-pocketing”.
What’s 401k pick-pocketing?
— It’s when someone takes money from your 401k in the form of “hidden” 401k fees. Who are these 401k pick-pockets? — They’re financial advisors, administrators, and vendors selling 401k plans to unsuspecting small businesses.
Non-profit A.A.R.P. has done an expose on 401k pick-pocketing and hidden 401k fees. You can download their expose for free from their website. According to A.A.R.P. a “small” 1 % 401k fee will cost the average 401k saver over $150,000.
Here’s the facts—
Nationally, the average 401k is worth $500,000. But if 401k fees are deducted by 401k pick-pockets, the 401k drops in value to only $350,000. That’s a 40% loss! 40% of your 401k savings are being deducted over time by 401k pick-pockets and their hidden fees. If you are saving in a 401k, that “small” 1 % fee A.A.R.P. warns about is likely causing severe, permanent damage to your retirement security.
401k-fees aren’t illegal—-but they should be.
401k Easy has been providing 401k plans to small businesses for over 30 years, and they built their business and reputation on an iron-clad promise — no 401k fees, ever.
Don’t become the 401k pick-pocket’s next victim.
Protect your 401k.
Please check us out at www.401kEasy.com