Fees related to retirement investment accounts hit a record low this year, according to our seventh annual Plan and Fee Survey. In particular, recordkeeping costs, the second largest component of total fees, saw the sharpest fall. The drop comes on the back of a highly litigious landscape and new rules spurring greater transparency of fees charged by defined contribution plan recordkeepers. This move may offer a window of opportunity to employers to potentially garner savings for their employees’ retirement accounts.
We have made a summary of the survey available for your review in the Adobe Acrobat attachment.