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401(k) Fees

/Tag:401(k) Fees

How Much Is Your 401(k) Account Costing You?

While an employer-sponsored retirement plan provides you a valuable benefit, not all retirement plans may be beneficial to you.  According to Deloitte’s 2019 Define Contribution Plan Survey, about 57% of retirement plans have plan fees deducted directly from the participant account either on a pro-rata or flat-dollar amount basis.  This means less money is working towards your retirement. Your employer, as a fiduciary for the plan, has the responsibility of finding the most cost-effective service providers for the plan.  Even with