BOSTON - Excessive fees in some 401(k) plans are hurting the reputation of all 401(k) plans and shaking investor confidence in what most financial experts agree is a great way for the majority of Americans to save for retirement.

"There is a notion in the press that 401(k) investors are being hosed. This is not the case," said Michael Hadley, the Investment Company Institute's associate counsel for pension regulation, at the "Defined Contribution Investment Only Forum," held last Monday and Tuesday at the Harvard Club, and hosted by Financial Research Associates. "401(k) investors are getting an incredible deal."

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