It has been discovered that many company-sponsored mutual funds in typical 401(k) plans are overcharging participants and burying those charges in the fine print.

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It has been discovered that many company-sponsored mutual funds in typical 401(k) plans are overcharging participants and burying those charges in the fine print. Since no bills or checks are written, few complaints ever get registered. However, Caterpillar is being sued in a large class action for excessive fees in 401(k) accounts. "Many boomers put their retirement money in mutual funds, not realizing...