401(k) fees are still sliding

Ary Rosenbaum
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Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The beauty of fee disclosure regulations and technological breakthroughs is that 401(k) fees have been sliding. Even 9 years after the promulgations of the fee disclosure regulations, it’s still sliding.

The new release of the 401(k) Averages Book shows that the average total plan cost for a small retirement plan (100 participants/$5,000,000 assets) declined from 1.23% to 1.20% over the past year, while the average total plan cost for a large retirement plan (1,000 participants/$50,000,000 assets) declined from 0.91% to 0.90%.

1-3 basis points aren’t a big deal, but it’s indicative of a trend towards lower fees even with consolidation in the 401(k) business.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

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