"Here's the latest scary retirement statistic.
The average American couple could pay nearly $155,000 in fees for their 401(k) plans over their careers, reducing their eventual nest eggs by more than 30%, according to a new report.
Rather than the hypothetical $510,000 that a dual-earner couple could have at retirement with no fees, they would be left with only $355,000. The fees include explicit charges and indirect expenses, such as the cost that mutual funds incur to trade stocks.
Wealthier families could shell out nearly $278,000 in fees, according to the analysis by Demos, a nonpartisan research organization."
Love those fees-now you know why Wall Street pushed for the change from pensions to 401Ks.