Poll

Do you receive a reduction in admin expenses on your 401k as a result of account forfeitures, loan fees, or similar offsets?

Yes
2 (40%)
No
0 (0%)
Don't Know
3 (60%)
Not Applicable
0 (0%)

Total Members Voted: 5

Author Topic: Do Most Retirement Plans Charge a Net, Rather Than Gross Administrative Fee?  (Read 1109 times)

simonsez

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July's quarterly TSP publication came out today.

https://www.tsp.gov/PDF/formspubs/high14c.pdf

Ignoring the nonsense spewed about on the first page, my real question is about the table footnote ** at the bottom of the 2nd page.

**Net administrative expenses are the expenses charged to TSP participants per dollar invested in the respective funds after offsetting gross administrative expenses with account forfeitures and loan fees.

I mean, I'll take the reduction from the gross to net admin expense surely but I was curious if this is the norm for 401k plans and other similar programs.

If you have a 401k, does your company charge a net amount for admin fees rather than gross after using some type of offset?

Edit:  Poll added.
« Last Edit: June 18, 2014, 09:23:26 AM by simonsez »