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Diane Publishing Books
401(k) Plans: Increased Educational Outreach and Broader Oversight May Help Reduce Plan Fees
Charles A. Jeszeck (au)
Studies have been conducted to better understand the fees 401(k) plan sponsors and their participants pay. However, these studies focus on larger plans. Thus, uncertainty remains about the amounts paid by small and medium-sized plans and the level of knowledge and expertise these sponsors have to assess the fees charged by service providers. This report addressed the following related to small, medium-sized, and large plans: (1) amounts plan sponsors and participants pay for services; (2) challenges sponsors face in understanding how fees are charged; and (3) actions Dept. of Labor has taken to help sponsors better understand and monitor the fees charged by service providers. Charts and tables. A print on demand report.
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