Browsing Tag
401(k) Fees
194 posts
A 401(k) fee is a cost charged to participants in a 401(k) retirement plan to cover plan administration, investment management, and other related services. These fees can be deducted directly from your account balance and may include recordkeeping fees, investment expense ratios, advisory fees, and transaction costs. Some are fixed, while others are based on a percentage of assets. Fees can significantly impact long-term savings growth, so understanding and comparing them is essential. Plan sponsors must disclose these fees, typically through plan documents or statements, enabling participants to make informed decisions about their retirement investments.
Latest 401k Averages Book Broadens Scope on Advisor Pay, Recordkeeping Admin
Reader feedback leads to the enhancements in 24th Edition of plan fee benchmarking tool, released today
Benchmark Survey on Recordkeeping Fees for Large DC Plans Debuts
Encore Fiduciary (formerly Euclid Fiduciary) says survey will help plan sponsors combat inaccuracies of many excessive fee lawsuits
Tyson Foods Latest Target of Excessive 401(k) Fee Lawsuit
Suit filed in federal court alleges ERISA fiduciary breaches relating to overpaying for recordkeeping fees in $3.2 billion plan with 67,000 participants
401(k) Fee Calculator Debuts from Employee Fiduciary
Tool designed to emphasize the negative cumulative impact of high retirement plan fees to participant account balances
Employee Fiduciary Looks to DOL for 401(k) Fee Transparency
In a public letter, Employee Fiduciary requested for improvements to annual fee disclosures that those in participant-directed 401(k) plans receive
U.S. Fund Fees Steadily Declined in 2022
Morningstar finds the asset-weighted average expense ratio of U.S. funds fell from 0.40% in 2021 to 0.37% in 2022
Why Digital Recordkeepers are Poised to Disrupt the Retirement Plan Market
Retirement Planscape report from Escalent identifies plan sponsor pressures, ranks likelihood of which digital recordkeeper firms they will consider for their 401(k) plan in the next 12 months
Mandated Fee Disclosures: Participants Pay … But Get Little in Return
What would you change?
Legislation, Regulation, Litigation Driving Change in 401(k) Plans: Callan
Just-released Callan 2023 Defined Contribution Trends Survey paints detailed picture of challenges and opportunities facing DC plan sponsors
401(k) Plan Fees Declining, But Small Plans Still Pay More
Just-released 23rd edition of the 401k Averages Book provides non-biased, comparative 401(k) average cost information