Brett Arends’s ROI
Higher fees may cost retirees up to 9% of their retirement savings.
MarketWatch photo illustration/iStockphoto
Many small-business owners and their employees are getting hosed on their retirement plans, thanks to costs that are starkly higher than larger companies, and now we have proof.
Fund-research company Morningstar has found that the average fees in small company plans are twice those in big companies. Just the higher fees alone mean that someone working at a small company would on average end up with 9% less in retirement savings after 35 years as someone at a big company, even if they saved exactly the same amounts and invested…
