Clark doesn’t want you to waste money, especially when it involves money you’re saving for your future. That’s why it’s important to know what you’re being charged to have a mutual fund or 401k plan. Sometimes, in smaller businesses, employers and therefore the employees can get taken in fee-heavy retirement plans because they don’t know any better. And, companies can charge people pretty much whatever they want in fees. Well, except when it comes to members of Congress but that’s another story in itself. But the bottom line is that you have to know what you’re being charged. There are administration fees, list fees and management fees. In most small business plans, employees are paying three percent and that is entirely too much. It’s more likely if you’re in a plan involving an insurance company. And, if you are paying that much, you’re better off setting up a Roth IRA. In any case, you need to ask what you’re paying in fees – the total percentage. Only about one-quarter of people ask, according to recent surveys. Clark has a list of low-cost investments that he recommends listed here. So, be smart and choose well.