The average total plan cost for a small retirement plan declined from 1.46 percent to 1.44 percent of plan assets over the past year, but the total plan cost for a large retirement plan, over 1,000 participants, remained flat at 1.03 percent, according to the 14th Edition of the 401k Averages Book.

Small plans are those with 50 participants and $2.5 million in assets.

"In most of our fee benchmark scenarios we saw a decline in total plan costs and investment fees on a year-over-year basis," said David Huntley, co-author of the 401k Averages Book.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.