A consumer-empowerment book for people in 401(k), 403(b) & 457(b) plans. The average participant fee in small business 401k plans across the U.S is 4%. Fees are not much lower at even mid and large-size companies. Learn how employees can take the lead and drive change within companies by working with management to secure lower retirement plan fees. From The Back Cover… For every hundred dollars in your workplace retirement account, how much is your 401(k), 403(b) or 457(b) company slipping out the back door for themselves? Hint: Don’t ask your employer. They don’t know either. All they did was hire the company. And so it goes… In every town, in every workplace across the U.S… Employees blissfully trust that their employer selected a good retirement plan. Employers blissfully trust that they did too, completely unaware of what good actually looks like. The only ones who know what good and bad look like are the retirement plan companies, and therein lies the problem. It is a classic case of the fox guarding the henhouse. Only this fox is really smart, because you don’t even know if your hens are missing. You are about to find out. 401 CONFIDENTIAL takes you on the inside of the retirement plan industry. I do a brain dump on how retirement plans are packaged, priced and sold to private and public-sector employers. I show you the dirty little secrets of the industry. I show what ultra-low fees and ultra-high fees look like. And I show employers and employees how to calculate your fees and take back what belongs to you. By the end of this book I shift the entire balance of power from the retirement plan companies to the retirement plan consumers.