BrightScope Gives 401(k) Investors Free Peek at Fees

BrightScope is offering a Personal 401(k) Fee Report that will permit investors to sign up for free to see fees on 30,000 plans, how they compare to fees on comparable funds and how much money they would gain or give up over the remaining course of their working years.

“BrightScope offers the Personal 401(k) Fee Report as the first and only way participants can easily determine what they are paying for maintenance in their plans,” said Mike Alfred, CEO and founder of BrightScope. “With a comprehensive database of more than 30,000 401(k) plans, we’re uniquely positioned to deliver a vital resource to millions of Americans unaware of how much of their retirement savings is going to fees each year. It’s one of the biggest, if not the biggest issue in the industry.”