Author Topic: Question about 401k fees  (Read 810 times)

ericbonabike

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Question about 401k fees
« on: January 27, 2020, 10:16:45 AM »
I'm trying to get an informal market surveys of mid-sized companies 401k fees. 
Mid size:  500 - 2000 employees.

Would anybody mind finding and providing that info?

I was hoping to have the following information:

Your Company Size:  ~1000
Your 401k Provider:  Principal
Your Lowest Cost Index Fund Annual fee:  .05%
Any additional administrative fee:  0.22% annually, compounded monthly


My CFO has told me that our new 0.22% fee is an "industry standard" and a pro rata charge is a "best practice".  And is ~20% lower than the average fee in our industry / company size.

RWD

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Re: Question about 401k fees
« Reply #1 on: January 27, 2020, 10:30:38 AM »
Company Size: ~500
401k Provider: Northwest Plan Services
Lowest cost index fund: 0.04%
Additional fees: None

Car Jack

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Re: Question about 401k fees
« Reply #2 on: January 27, 2020, 10:46:05 AM »
My previous job:

Company size: about 500 (private)
provider:  Mass Mutual
Lowest ER: 0.41%
Additional fees: none

EvenSteven

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Re: Question about 401k fees
« Reply #3 on: January 27, 2020, 01:37:39 PM »
403b for a 501(c)3

size: ~250 (so smaller than you are surveying for)
403b provider: TIAA
Lowest cost ER: 0.04
Additional fees: ~0.45% annual AUM fee.

ericbonabike

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Re: Question about 401k fees
« Reply #4 on: January 28, 2020, 06:52:51 AM »
thanks for the info. 

Anybody else willing to share?
From the sparse responses so far, I'd reckon we're "mid-tier" in terms of cost.  Not the worst, but not the best.