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Employers 401K Plans Can Cost Workers Big Bucks

3:49 PM, Mar 27, 2013   |    comments
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WASHINGTON, DC (WUSA) -- Your employer's 401K retirement plan could cost you big bucks.

According to online financial service, Future Advisor, employees at some small companies lose tens of thousands of dollars in fees and earnings.

The more a worker's balance grows, the higher the administrative and investment-management fees.

Apparently, the smaller companies have less power to negotiate with the bigger financial firms that offer retirement accounts.

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