The cost of sponsoring a 401(k) plan dropped again in 2015, as more sponsors are paying a fixed-dollar cost for recordkeeping services, according to NEPC's most recent breakdown of defined contribution plan costs.
The median plan fee, or the total cost to provide and administer a plan, was 46 basis points in 2015, meaning plans cost an average of 46 cents for every $100 in a plan, according to the Boston-based consultant to plan sponsors.
That was down from 52 basis points in 2014. In 2006 the average all-in cost was 57 basis points.
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