Total plan costs for running a 401(k) can vary widely, but for most employers the range between high and low total plan costs is moderate.
For a 401(k) plan with approximately $2 million in assets the range between the high and low cost providers averages around 1.33 percent, while the range for the middle 50 percent of the universe is .31 percent.
"The range between high and low costs can be significant, but most 401(k) plan costs are going to be grouped around the median," said David W. Huntley, co-publisher of the 401(k) Averages Book, in a press release.
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