Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

ESOP Administrator

Apex Pension Strategies, Inc.

Apex Pension Strategies, Inc. logo

Defined Contribution Account Manager

Nova 401(k) Associates

Nova 401(k) Associates logo

Retirement Plan Compliance Consultant

TriStar Pension Consulting
(Remote / OK)

TriStar Pension Consulting logo

Administrator, Retirement Plan Compliance

RiversEdge Advanced Retirement Solutions
(Remote / Sewickley PA)

RiversEdge Advanced Retirement Solutions logo

Defined Benefit Plan Consultant

Planned Retirement Consultants & Administrators, LLC
(Remote / Ridgewood NJ)

Planned Retirement Consultants & Administrators, LLC logo

Plan Consultant

MAP Retirement USA, LLC

MAP Retirement USA, LLC logo

DB Administrator


HowardSimon logo

TPA Sales Representative

Apex Pension Strategies

Apex Pension Strategies logo

Retirement Plan Administrator (TPA)

Retirement Plan Consultants
(Remote / Norfolk NE)

Retirement Plan Consultants logo

Plan Document Specialist

MAP Retirement USA LLC

MAP Retirement USA LLC logo

Plan Administrator

Atlantic Pension Services Inc
(Remote / Kennett Square PA)

Atlantic Pension Services Inc logo

Retirement Processing Analyst

PCS Retirement, LLC
(Remote / Philadelphia PA)

PCS Retirement, LLC logo

ESOP Administrator

Blue Ridge ESOP Associates

Blue Ridge ESOP Associates logo

401k & Defined Contribution Plan Consultant

Planned Retirement Consultant & Administrators, LLC
(Remote / Ridgewood NJ)

Planned Retirement Consultant & Administrators, LLC logo

DB/DC Consultant

Nova 401(k) Associates

Nova 401(k) Associates logo

Implementation Specialist

Nova 401(k) Associates

Nova 401(k) Associates logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image
LinkedIn icon     Twitter icon     Facebook icon

Press Releases by Date   |   Press Releases by Company Name

View More Press Releases by Employee Fiduciary, LLC

Press Release

Employee Fiduciary Launches a Future Value of 401(k) Fees Calculator to Emphasize the Impact of High 401(k) Fees on Retirement Savers' Balances

Issued by Employee Fiduciary, LLC

Nov. 14, 2023

MOBILE, Ala. -- Employee Fiduciary, LLC, a leading provider of 401(k) recordkeeping and Third-Party Administration (TPA) services, has launched a new calculator to demonstrate the future value of 401(k) fees. This tool is designed to show retirement savers how much they can increase their savings in retirement by lowering their 401(k) fees today.

"Few savers appreciate the cumulative effect of 401(k) fees in our experience. When a 401(k) account pays fees, the saver won't just miss their principal in retirement. They'll also miss the compound interest the payments would have earned had their amount remained invested instead. Our calculator demonstrates the significance of these losses. We think this information will motivate savers to lower their amount today," says Employee Fiduciary's President and CEO, Eric Droblyen, CPC, QPA.

The calculator, available now at, offers users a view of how fees can impact their retirement. Features of the calculator include:

  • A user-friendly interface where individuals can adjust and customize their current age, retirement age, current account balance, annual contributions, and rate of return.
  • A dynamic bar chart that displays projected balances at four different annual fee rates: 0.00%, 0.25%, 0.50%, and 1.00%.
  • A breakdown showing the potential retirement balance for each fee scenario, with color coordination to match the bar chart for ease of understanding.

"To make retirement as affordable as possible, workers must keep their 401(k) fees to a minimum throughout their working years," says Droblyen. He sees this calculator as a tool to help savers understand how much cost matters when saving for retirement.  

Earlier this year, Employee Fiduciary formally submitted a comment letter to the U.S. Department of Labor (DOL) in response to the department's Request for Information concerning the SECURE 2.0 Reporting and Disclosure requirements. In the letter, Droblyen addresses several key areas of concern, with a primary focus on the need for enhanced clarity and transparency in how 401(k) fees are presented to participants. This new calculator fits directly into Employee Fiduciary's goal of empowering 401(k) participants to understand the cumulative effect of fees and to advocate for lower fees.

About Employee Fiduciary

Employee Fiduciary, LLC, founded in 2004 and headquartered in Mobile, AL, is a leading provider of low-cost 401(k) plans for small to medium-sized businesses. The company's founding principles are transparent fees, personal care, and expert plan design. The company serves over 5,000 small businesses and approximately 145,000 participants nationwide.

For more information about Employee Fiduciary, visit, and follow us on FacebookX, and LinkedIn.

View More Press Releases by Employee Fiduciary, LLC

Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.