Small retirement plans cost an average 1.30 percent, while the average total cost for a large retirement plan is 1.08 percent, according to the 12th edition of the 401k Averages Book.
The study shows the small plan average investment expense is 1.24 percent, while the large plan average investment expense is 1.05 percent.
"With the DOL's fee disclosure effective date set for April 1, knowing if your 401k plan fees are reasonable will be very important," says Joseph Valletta, co-author of the 401k Averages Book.
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