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.