On average, 401(k) investment fees continue to decline in both the small and large plan markets, according to a new report.
The average total plan cost for a small retirement plan (100 participants/$5 million assets) declined from 1.29% to 1.28% over the past year, while the average total plan cost for a large retirement plan (1,000 participants/$50 million assets) declined from 1.03% to 0.97%, according to the just-released 16th edition of the 401k Averages Book.
The average investment cost for a small retirement plan declined from 1.22% to 1.21% over the past year, while the average investment cost for a large retirement plan declined from 1.01% to 0.95%. The report documents how the average total plan cost for a 100-participant plan decreased from 1.33% in 2010 to 1.28% in 2015.
A small plan generates 0.66% of revenue sharing, according to the report, while a large plan generates 0.40%.
The 401k Averages Book is available for $95 and can be purchased by calling (888) 401-3089 or online at www.401ksource.com.
