June 19 (Bloomberg) -- Bloomberg's Mike Schneider reports on the hidden fees that are eroding the value of 401(k) retirement accounts. Some 78 million Baby Boomers will be heading into retirement this year, many dependent on their 401(k) plans. What many will learn, according to the AARP, is the average balance for Boomers nearing retirement is $60,000, due in part to hidden fees that can, over a lifetime of savings, skim off more than half of a 401(k) investor's potential returns. (Source: Bloomberg)

00:00 Employee realization of undisclosed fees
10:41 Revenue-sharing fees; lawsuits; Wal-Mart plan
16:33 Brokerage fees; Ford's plan; obfuscation
22:29 Congressional inquiry; mutual fund opposition

Running time 25:58

Last Updated: June 19, 2008 19:32 EDT