joining us to talk about the hidden 401(k) fees and what you can do to protect your nest egg, stacy francis. thank you for being here. >> thank you. >> how can people take things into charge? >> get your plan benefit book. get that from your h.r. services and they'll give you the plan summary booklet. that will spell out all the different fees for the plan and also for the mutual funds within there and gives you a lot of information you need to know. >> probably the line that's most important is expense ratio, right? normal fees should be something like what under that expense ratio? >> they should ideally be less than 1%. >> it doesn't sound like much, if i'm a consumer, it doesn't get me excited. what does that mean over time? >> if you have 25,000 in your 401(k) plan, it's growing at 7%. with that low fee, it going to grow to $226,000. that 1% difference, say you now are paying a 1.5% expense fee, that's only going to be $163,000. that's a 28% drop in your retirement savings for that difference of 1%. it makes a big difference. for most investors, a really nice index fund is all you need

joining us to talk about the hidden 401(k) fees, and what you can do to protect your nest egg, is stacy francis of francis financial. thank you for being here. >> thank you. >> that's a great question. what are these hidden fees, how do you get at them, how can people take things into charge in their own hands? >> the first thing you can do is get your plan benefit book. get that from your hr services. so go to your human relations resources, and they'll give you the plan summary booklet. that's going to help spell out all the different fees associated both for the plan, but also with the mutual funds in there. it gives you a lot of information you need to know. >> the most important is the expense ratio. most of the expense ratio line will tell you exactly what you are paying, and normal fees should be like what? >> they should ideally be less offering me a 1% discount, it doesn't get me excited. what does it mean over time? >> if you have $25,000 in your 401(k) plan, going to be retiring in 35 years, it's growing at 7%, but that half a percent, that low fee will grow to $226,000. what's inter