Data-driven policymaking is not just a tool for finding new solutions for difficult challenges. When states serve their traditional role as laboratories of innovation, they increase the American people’s confidence that the government they choose—no matter the size—can be effective, responsive, and in the public interest.
The idea that lower-than-average fees for managing retirement plans results in increased savings seems obvious, but the small percentages make it hard for many to appreciate the impact over the long term. And those seemingly small variations can make a big difference in retirement readiness. To help illustrate the potential impact of these fees over time, Pew has developed an investment fee calculator. The calculator shows the effect that fees have on retirement savings and demonstrates the benefits to savers of factoring fees into decisions on how to invest those savings.
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