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Vanguard to Bring Price War to Small-Business Pensions Market
The Wall Street Journal; subscription may be required Link to more items from this source
Mar. 17, 2015
"In just over two years since its launch, Vanguard's small-business products have amassed $6.7 billion in assets under management as at the end of 2014, split among 2,678 pension plans with 126,956 members. Several other large investment managers including Fidelity Investments, Principal Financial Group and T. Rowe Price compete in the same market.... Vanguard charges a fee of 0.5% to 0.7% to small firms. Small businesses should usually expect to pay 1% to 1.5% in annual management fees, plus flat fees, for a 401(k) plan ... Fees can range as high as 2% in some cases."

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