Understanding Hidden Fees in 401K Plans: A Conversation with Tom Gaynor

The video features Tom Gaynor discussing the significance of National 401K Day and the hidden fees associated with 401K plans. It highlights the historical context of 401K plans, the importance of fee disclosure, and the mission of America's Best 401K to increase transparency. The discussion includes actions employees and employers can take to manage 401K fees effectively. The video concludes with advice on financial planning and saving for retirement, emphasizing the need for awareness and proactive management of retirement funds.

How does the lack of pension plans affect employees' retirement savings?

What is the impact of compounding growth on retirement savings?

What role do employers play in the management of 401K plans?

In what ways can employees advocate for better 401K plans within their companies?