Small 401(k) Plan Fees Decoded
Investment fees continue to be the biggest driver of total plan costs. According to the 401k Averages Book's new infographic, Breakdown of Small Plan 401(k) Fees, investment related expenses account for nearly 97% of a small plan's total cost. "When we break it down further you find 45% is for investment management, 52% is available for revenue sharing and 3% for hard dollar recordkeeping costs," said Valletta.
In today's regulatory environment, it is important employers know what they pay in total plan costs as well as the components that make up the whole.
The infographic also includes a chart that shows small plan fees have declined from 1.29% in 2013 to 1.18% in 2017. Or that the average participant in a small 401(k) plan, defined as a plan with
The infographic is updated annually and can be downloaded at www.401ksource.com/free-infographic.
About 401k Averages Book
Published since 1995, the 401k Averages Book (www.401ksource.com) is the only resource book available for non-biased, comparative 401k average cost information. It's designed to provide financial professionals with essential 401k cost information needed to determine if their 401k plan costs are above or below average. The 18th Edition of the 401k Averages Book is available for
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SOURCE 401k Averages Book
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