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The benefits balancing act


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Hidden fees

Published Friday, February 01, 2008

As in most retirement plans, Oakland County, Mich., employees pay fees to the investment companies that manage their retirement funds. And, those fees are listed in quarterly statements that Oakland County sends to its retirement plan participants. “We don't hide any fees from the participants,” says Doug Williams, the county's retirement administrator. “We're very upfront with all our information.” As with all matters financial, retirement plan participants cannot expect a free lunch when it comes to paying fees on their accounts, but Congress is concerned that some plan providers are dining on champagne and caviar with the fees ...

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