The cost of investing in a 401(k) plan dropped again in 2014, according to the Investment Company Institute.
Specifically, fees on what a report by the ICI calls "long-term mutual funds," which include equity, fixed-income, and hybrid allocations, were cheaper last year than in 2013, continuing a trend the trade group has tracked since 2000.
Much of the cost efficiencies participants are experiencing are owed to continued and wider adoption of lower-cost funds.
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