Pre Loader

iQ401k Fees vs Industry Fees

/iQ401k Fees vs Industry Fees

iQ401k FEES vs INDUSTRY FEES

As you can see by the table, cost savings of iQ401k platform becomes more evident when the average per account balance is greater than $50,000.

On our platform, greatest savings are for retirement plans with 50 participants with an average account balance of $100,000.  These plans can save up to nearly 97% on our platform.  Followed by plans with 100 and 200 participants with an average account balance of $100,000 saving about 92% in fees.

Our fees are based on per participant and do not increase as plan assets increase.  For smaller plans, we are somewhat cost-prohibitive in the beginning.  But as plan assets grow, our flat fees will remain the same and decrease percentage-wise. 

Plan Details Industry Averages*iQ401k & VRPA Fees (as a %)**
Plan Assets
# of Participants
Average Account Balance
Advisor & Fund Fees
Recordkeeping & Administration Fees
Total Fee
iQ401k & Fund Fees as a %***
VRPA Recordkeeping & Administration Fees as a %
Total Fee as a %
$250,000 25 $10,000 1.64%1.02%2.66%3.20%1.83%5.03%
$500,00050 $10,000 1.56%0.66%2.22%2.70%1.29%3.99%
$1,000,000 100 $10,000 1.36%0.50%1.86%2.45%1.00%3.45%
$2,000,000 200 $10,000 1.24%0.39%1.63%2.33%0.82%3.15%
$5,000,000 500 $10,000 1.19%0.30%1.49%2.25%0.72%2.97%
$10,000,000 1,000 $10,000 1.10%0.27%1.37%2.23%0.66%2.88%
$20,000,000 2,000 $10,000 0.98%0.24%1.22%2.21%0.60%2.82%
$500,000 10 $50,000 1.42%0.41%1.83%1.10%0.77%1.87%
$1,250,000 25 $50,000 1.32%0.17%1.49%0.80%0.37%1.17%
$2,500,000 50 $50,000 1.24%0.11%1.35%0.70%0.26%0.96%
$5,000,000 100 $50,000 1.12%0.08%1.20%0.65%0.20%0.85%
$10,000,000 200 $50,000 1.01%0.06%1.07%0.63%0.16%0.79%
$25,000,000 500 $50,000 0.94%0.04%0.98%0.61%0.14%0.75%
$50,000,000 1,000 $50,000 0.87%0.03%0.90%0.61%0.13%0.74%
$100,000,000 2,000 $50,000 0.76%0.02%0.78%0.60%0.12%0.72%
$1,000,000 10 $100,000 1.31%0.13%1.44%0.65%0.38%1.03%
$2,500,000 25 $100,000 1.22%0.07%1.29%0.50%0.18%0.68%
$5,000,000 50 $100,000 1.10%0.04%1.14%0.45%0.13%0.58%
$10,000,000 100 $100,000 0.99%0.02%1.01%0.43%0.10%0.52%
$20,000,000 200 $100,000 0.94%0.01%0.95%0.41%0.08%0.49%
$50,000,000 500 $100,000 0.86%0.01%0.87%0.41%0.07%0.48%
$100,000,000 1,000 $100,000 0.74%0.01%0.75%0.40%0.07%0.47%
$200,000,000 2,000 $100,000 0.64%0.01%0.65%0.40%0.06%0.46%

* Industry average data was obtained from the 401(k) Averages Book (21st edition) and based on 195 product offerings and 66 service providers.

** iQ401k & VRPA charge flat dollar amounts based on # participants. Fees are presented as a % for illustration purposes.

*** 0.20% (20bps) was used as the average fund expense ratio for iQ401k’s fund expenses.