Total investment costs for 401(k) plans declined by an average of 0.03% in 2021, according to the latest 401k Averages Book, which publishes data on plans.
Fees at large retirement plans, those with 1,000 or more participants and $50 million or more in assets, declined from 0.90% to 0.88% over the past year and are down from 0.95% in 2017. Fees on small retirement plan (those with 100 or fewer participants and $5 million or less in assets), declined from 1.20% to 1.19% in 2021 and are down from 1.25% in 2017.
“This decline in investment-related fees paid by participants will help boost retirement savings over the years,” Joseph W. Valletta, the book's author, said in a statement.
The book finds that not only are small plans more expensive than large plans, but costs also vary more widely for small plans. A plan that has $1 million in assets and 1,000 participants could see costs ranging all the way from 0.72% to 2.69%, according to the 401(k) Averages Book.
Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.
A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.
NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.
Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.
Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
