The Average 401k Plan is Wasting Money - Is Yours?

| October 09, 2017
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The Average retirement plan is wasting 25 basis points of participant’s money per year and there are many plans who are wasting in excess of 1%

To put  this in perspective 25 basis points for a $5,000,000 plan, equates $12,500 in the first year. Now compound that over a 10 year period of time and that’s $247,288of lost earnings.

Reviewing and evaluating plan fees is a crucial responsibility for every Plan Sponsor. I’ve outlined a SIX STEPS FOR CREATING A FEE REVIEW PROCESS to assist you. 

If this is overwhelming the Printers401k can provide you with a free Plan Fee Analysis, which will identify Current Plan Fees and provide you with ideas on how to reduce your total plan expenses. Contact Joe Trybula at joe@printers401k.com or 800.307.0376 for more details or request your analysis.

[1] Significant Fee Waste in Retirement Plans – New Study Using Quantitative Methods, Daniel Satchkov, CFA and Yon Perullo, CFA
[2] Difference of the Future Value of $5,000,000 after 10 years earning 8% annual return versus $5,000,000 after 10 years earning 8% annual return with 25 basis points in excess fees.
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