In terms of 401(k) books, one of the best for your practice is the 401(k) Averages Book. It’s like the Beckett Baseball Card Guide for 401(k) plans and is a great barometer in judging fees.
The new edition of the book shows that the average total plan cost for a small retirement plan (defined as 100 participants and $ 5million assets) declined from 1.24% to 1.23% over the past year.
The small plan with $5 million in assets costs 1.23%, while the plan with $50 million in assets is 0.91%. Most plans saw a year over year decrease in total investment costs of between 0.01% and 0.03%.
For further information, pick up a copy.
