The Frugal Fiduciary Blog

Asset-Based 401k Admin Fees Are Unreasonable; Fiduciaries Should Avoid Them

Posted by Eric Droblyen on Oct 19, 2016

20 years ago, 401k plans were free. OK not really, but 401k providers used this lie a lot to sell 401k plans to small businesses that didn’t want to pay any out-of-pocket 401k fees. In truth, these plans paid “indirect” fees - like revenue sharing paid by mutual funds and/or wrap fees paid by insurance company variable annuities – to 401k providers based on a percentage of plan assets.   

Read More

Topics: fiduciary, asset-based fees, 401k fees

Why small business retirement plans with high asset balances actually pay more for their plan services.

Posted by Greg Carpenter on Oct 2, 2014

Small Business Retirement Plans
Read More

Topics: small business retirement plans, low cost 401(k) plan, retirement plans, asset-based fees, 401k blog, 401k fees, small business 401k, 401k recordkeeping, 401(k), recordkeeping

Subscribe to Email Updates

 

“We want you and your employees to have a successful plan.” Greg Carpenter, CEO of Employee Fiduciary, explains how low fees help keep your money in the market, working for you.

Request a Proposal