Everything you need to know about 401(k) fees

More Americans know how much they pay for streaming services than how much they pay for their 401(k) plans.

Only 27% of Americans knew how much they were paying in 401(k) fees, a recent study by TD Ameritrade of 1,000 investors found, compared to the 95% of respondents who knew how much they shell out for streaming media services like Netflix NFLX, +3.35% and Hulu. But 401(k) fees can be much costlier, immediately or in the long-run, as fees can diminish potential investment earnings. “The most important thing is to recognize what you are paying for,” said Matt Sadowsky, director of retirement at TD Ameritrade.

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