Rep. Scott, Sen. Murray: New GAO Report on 401(k) Fees is a Wake-Up Call
August 27, 2021
August 27, 2021
WASHINGTON, Aug. 27 (TNSRes) -- Rep. Robert C. Scott, D-Virginia, chairman of the House Education and Labor Committee, issued the following news release on Aug. 26, 2021:
A new report released today by the Government Accountability Office (GAO) revealed that almost 40 percent of 401(k) plan participants do not fully understand the fees they are paying on their retirement accounts, with many unaware they are even paying fees. It also found that consumers have difficulty using the inf . . .
A new report released today by the Government Accountability Office (GAO) revealed that almost 40 percent of 401(k) plan participants do not fully understand the fees they are paying on their retirement accounts, with many unaware they are even paying fees. It also found that consumers have difficulty using the inf . . .