The cost of investing in a retirement plan at work is relatively lower than if you were to shop for mutual funds on your own. Unfortunately, hidden fees can gnaw away at your earned savings. When you hear about Advisory fees and Expense Ratios, it can get a bit confusing.
Many people are not aware that these 401(k) plans are not free of charge. There is also the Annuity fee that may deduct a lot of money from people who may want to withdraw currency in the first couple of years. Forbes has also reported that maximizing your 401(k) before you start putting money in a taxable account like bonds or mutual funds is recommended.