Investors lost a battle this week, but the war isn't over. Lawmakers in the Senate decided to drop a measure that would have forced the 401(k) industry to disclose fees to participants. But that's OK, because the numbers still favor retirement savers.
There are 50 million 401(k) participants who deserve to know how much they are paying for their retirement account. By contrast, there are just a few dozen lawmakers and few dozen lobbying groups that don't want 401(k) investors to know just how much things cost.
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