Hidden 401(k) Fees #2
Channel: Melinda Moros
Date: 12/04/2014

How much money are YOU losing every year to annual fees which are NOT disclosed on your 401(k) statements?  

Award-winning investigative reporter and broadcaster Gary Matsumoto won the 2008 Business Emmy for "Outstanding Investigative Reporting of a Business News Story--News Magazines and Long Form" with his program "401(k) Hidden Fees." It was Bloomberg Television's first Emmy in any category. The program exposed the hidden fees embedded in 401(k)s and other employer-sponsored pre-tax savings plans. Matsumoto found one company whose employees thought they were paying 401(k) fees that amounted to one-tenth of one percent. They were paying closer to 3.6 percent - 36 times more. Matsumoto, reported, directed, produced and wrote the half-hour program. Anchor: Mike Schneider; News Editor: Antony Michels; Videotape Editor and Producer: Amy Marino; Associate Producer: Hana Choi