Fees for 401(k) plans fell once again this year, a trend fueled in part by litigation, fee disclosure rules and demands from larger sponsors to cut expenses, according to NEPC's annual review of employer-sponsored defined contribution plans.
The median fees on plans for 2014 were .52 percent, or 52 cents paid for every $100 of plan assets. That is a decrease from .53 percent in 2013 and a big drop from .59 percent in 2010.
NEPC takes investment management costs, recordkeeping fees and trust and custodial costs into account when estimating fees.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.