Personal Finance

How to Find (and Vanquish) Hidden Costs in Your 401(k)

John F. Wasik

I suspect that Americans spend more time clipping coupons and chasing sales than probing their 401(k)s and other retirement accounts for hidden expenses.

Although you can save a few dollars when something is on sale, trimming expenses from your 401(k) puts money into your pocket every year--and that can add up to thousands of dollars over a working lifetime. It's the one payback that keeps on working because of the compounding of returns.