The List: How Well Do You Know Your 401k

Let's say you have a 401k. Great! So... what do you really know about it?

Let's say you have a fourwhat do you really know abpercent that my company wiabout it, it's not just abpayroll legend dot com foumiller says we should allwith our four oh one K.

Peand say hey I have a say irunning down how to tell iand what to do about it.

Iif you work for a big compfine, the bigger the compamanaged it is you have somtimes they don't have thatof workers are at small cothey even offer benefits,employ somebody that wearshats that person is doingis the office administratoalso the hR.

That person ithe coffee and taking outdoesn't mean that they havfor these things either.

Ycertification lapse.

Too btoo much to do will oftenfeature of a plan.

The priThey're sold something whehere this is the low cost$5 per participant.

Whichtell if you're for one casby law, benchmarking is reyears.

Great.

So what theComparison of how the fundRemember that test you toosaid if you scored in thelanguage skills and the 20math benchmarking is likethe four oh one K comparedfour oh one K.

Is out therwhen people have a 41 K ththey are entitled to inforof benchmarking.

That repoto understand, luckily, kea tell for the overall strthe asset fee schedule, thparty administrators are tThese fees can have a hugeof your retirement becauseSo just a 1% difference cabetween retiring with 800,will tell you if your feesto other plans and if it ashow your benchmarking repout of Financial Advisor tabove or below market stanperforming above or below?And if the answer is thatSee if you can get some cothat they offer four oh onplace nine times out of 10chances are they're usingone K that you are.

So youa solid by initiating an aplan.

So as long as you'recarrying place about youryour employer, that's a wiThe bottom line is that yoto your retirement.

So givnine times out of 10, ther