The Average 401k Plan is Wasting Money – Is Yours?
Joseph P. Trybula, CFP®, AIF®
Diversified Financial Advisors
Wellness Wednesday Webinar
Oct. 25 | 2-2:30 p.m. CDT
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The average retirement plan is wasting 25 basis points of participants money per year, and many plans are wasting in excess of 1 percent1 .
To put this into perspective, 25 basis points for a $5 million plan equates to $12,500 in the first year. Compound that over a 10-year period, and thats $247,2882 of lost earnings.
Reviewing and evaluating plan fees is a crucial responsibility for every plan sponsor. Ive 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 email@example.com or 800.307.0376 for more details or request your analysis.
- Significant Fee Waste in Retirement Plans – New Study Using Quantitative Methods, Daniel Satchkov, CFA, and Yon Perullo, CFA
- Difference of the Future Value of $5,000,000 after 10 years earning 8 percent annual return vs. $5,000,000 after 10 years earning 8 percent annual return with 25 basis points in excess fees.