There is a big disconnect between employers’ perceptions of workers’ understanding of 401(k) fees and the reality, according to a survey by the Transamerica Center for Retirement Studies and Harris Interactive.

Ninety-two percent of employers said they have a clear understanding of 401(k) fees, and 73% said they believe their workers do, too. But in reality, only 29% of workers said they knew how much they were paying in 401(k) fees. Forty-eight percent said they were unaware of the fees, and 23% were not sure what they were charged.

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