United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-11-16 monographic deposited born digital 43 p. GA 1.13:GAO-07-21 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-21 P0b002ee18037df15 f:d0721 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-07-21 machine generated eng fdlp REPORT GAOREPORTS-GAO-07-21 GAO-07-21 Employee retirement plans Fees Financial disclosure Funds management Investment planning Mutual funds Pensions Policy evaluation Professional fees Reporting requirements Retirement Financial management Other Written Product A63445 American workers are increasingly relying on 401(k) plans, which allow pre-tax contributions to individual accounts, for their retirement income. As workers accrue earnings on their investments, they also pay a number of fees that may significantly decrease their retirement savings. Because of concerns about the effects of fees on participants' retirement savings, GAO examined (1) the types of fees associated with 401(k) plans and who pays these fees, (2) how information on fees is disclosed to plan participants, and (3) how the Department of Labor (Labor) oversees plan fees and certain business arrangements. GAO reviewed industry surveys on fees and interviewed Labor officials and pension professionals about disclosure and reporting practices. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-21/html/GAOREPORTS-GAO-07-21.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-07-21/pdf/GAOREPORTS-GAO-07-21.pdf GAO-07-21 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-07-21 Other Written Product GAO-07-21; Private Pensions: Changes Needed to Provide 401(k) Plan Participants and the Department of Labor Better Information on Fees; Employee retirement plans Fees Financial disclosure Funds management Investment planning Mutual funds Pensions Policy evaluation Professional fees Reporting requirements Retirement Financial management