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Consolidation Results in Fewer 401(k) Recordkeepers, Better Prices for Employers
Workforce Magazine 
July 19, 2016 "As a result of plan sponsor demands, fees paid for record-keeping services have been squeezed, hitting record lows each year. The median record-keeping fee was $64 per plan participant in 2015 down from $70 in 2014, according to data from investment consulting firm NEPC. When NEPC started tracking fees 10 years ago, it was $118.... About 10 years ago, record-keepers needed to service 1 million participants to stay alive. Today, providers need 2.5 million to 3 million participants[.]" MORE >> |
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