401(k) Plans: Increased Educational Outreach and Broader Oversight May Help Reduce Plan Fees
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "Plan sponsors and participants paid a range of fees for services, though smaller plans typically paid higher fees as a percentage of plan assets. For example, the average amount sponsors of small plans reported paying for recordkeeping and administrative services was 1.33 percent of assets annually, compared with 0.15 percent paid by sponsors of large plans. Larger plans were more likely to pass recordk…
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Date:
April 24, 2012
Creator:
United States. Government Accountability Office.
Item Type:
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Report