10 must-know facts about today’s 401(k) plans
More plans are using fixed-dollar costs to assess record-keeping fees. More than 38% charge a fixed-dollar amount per participant, up from 32% in 2014, when the statistic was first reported.
The share of plans charging based on a percentage of plan assets (a basis-point fee) remained flat at 42%, while those using a combination of both approaches fell 7 percentage points to 19.5% of plans.