Is Your 401k Good, Bad or Ugly?

New Disclosure Requirement Reveals Hidden – and Excessive – Fees

SAN FRANCISCO--(BUSINESS WIRE)--New government regulations finally require 401k plans to disclose hidden fees, and it’s a shocker. Surveys show that most employees believe that 401k’s are free. In fact, the worst plans charge more than 2% each year – and there are many very bad plans. Excessive fees can steal half of your retirement earnings.

“Green is good, yellow is bad, and red is truly ugly”

Find out how your own 401k stacks up at www.personalcapital.com/401k. It’s a free website that electronically assembles the data on your 401k, instantly analyzes all the fees, and calculates the devastating effect on your retirement earnings over many years.

Personal Capital then rates your 401k plan on a color-coded scale, so you can quickly tell whether it’s any good:

• THE GOOD <1% total fees
• THE BAD 1% to 2% total fees
• THE UGLY >2% total fees

“Green is good, yellow is bad, and red is truly ugly,” said Bill Harris, CEO of Personal Capital. “If your 401k plan is ugly – 2% or more in fees – run for the exits! Work hard ‘till you’re 65, and you still need to provide for your family for another 25 years. This is far too important to let an ugly 401k plan rob you of a decent retirement.”

Small and mid-sized companies typically have the worst plans, because they don’t have the expertise to evaluate their options or the buying power to command the best rates. So, to rescue these employers from bad and ugly 401k plans, Personal Capital is launching a brand new service: America’s Best 401k Plan.

Total fees in this new 401k plan are just one-half of one percent – the lowest fees in America. In addition, the plan features ground-breaking electronic tools and financial advice to help your employees achieve a secure retirement. Employers can learn more at www.personalcapital.com/401kplans.

“I’ve been in the 401k industry for twelve years,” said Tom Zgainer, Personal Capital’s new VP, Retirement Plans, “and I’ve never seen a 401k plan that comes close to this one. If you’re an employer with a bad or ugly 401k, please give me a call at 480-585-6601. It’s easy to make the switch, your employees will be much better off, and your company will save money, as well.”

About Personal Capital

Developed by a team of high-tech and finance veterans, Personal Capital combines technology with personal service to create an entirely new way to manage your money – all of your money, at all your banks and brokers. Our free service effortlessly gathers all your financial data in one place, and helps you take control of your financial life. To learn more, please call 855-855-8005 or visit PersonalCapital.com.