A worker at a small company will pay three times more in fees on their retirement account than a worker at a larger company.
That's the conclusion of a Bankrate.com analysis that found that, over a period of 35 years, even a small difference in fees can drastically reduce an employee's retirement savings.
A worker at a small company paying 1.41 percent in fees would cough up $113,206 more in fees over that timeframe than someone who participated in a larger plan and paid, say, only 49 basis points, a lower rate that only larger employers typically enjoy.
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