And she is not alone. Yet the impact can be enormous.
Annual expenses differ by hundreds of dollars per participant from company to company.
That's because the more fees you are assessed, the less profit your account will likely achieve. The programs are praised for allowing individuals to build nest eggs tax free, and often with substantial matching money kicked in by their employers. But concern is growing that shareholder value is too often eroded by unnecessarily high fees. Last month, the Labor Department probed the issue in two days of hearings. Calif. Much of the opposition to disclosure, he maintains, comes from the insurance industry.