401(k) Fees – The Employers Choice


But businesses – small businesses especially – tend to select a 401(k) provider for their company based on the monthly fee (only $100 per month!) or because the owner’s best friend is a money manager and can do ‘it all’ inexpensively.

It’s not the cost of maintaining the program – it’s the hidden costs – especially expense fees – that are rarely if ever disclosed.

Demand from your third party administrator or money manager what those expenses are – they are costing you and your employees a reduced return on their investment.

And that means you are costing your employees and yourself – your retirement.

Courtesy Wall Street Journal.

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Dave Berkus is an accomplished speaker, author and angel investor.  He provides common sense advice to all businesses through his blog, Berkonomics. His recent post deals with the frustrations of busi

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