401k Administrative Fees
Many employers offer a 401k matching benefit — but it might be costing you. Although the most generous companies make sure to foot the bill for the administrative fees associated with managing the retirement plans, some others decide to opt out — which leaves you as the account holder to foot the bill.
If the management fee isn’t covered, consider getting out once your company benefit match maxes out and take your hard-earned dollars elsewhere, such as an individual retirement account.