Sign In
Sign In
Let’s say you have $20,000 in a retirement account. If you assume you can earn a net return of 6.5 percent a year — 7 percent from investment gains, minus a relatively modest 0.5 percent in fees and charges to run the plan — the account would grow to $70,500 in 20 years. Boost the fees to 1.5 percent, and the account will grow to just $58,400. That’s $12,100 less because of a percentage point difference in fees and charges.
Recommended Stories
Voters lock state benefits regulation trends in
As the results turn Washington upside down, state capitals are purring along.
Retirement Savings for Americans Act: Increased access, but worse retirement outcomes?
The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.
It’s official! IRS announces 401(k) contribution limits for 2025
The IRS announced today it will increase 401(k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains unchanged.
Resource Center
Information Brief
Sponsored by Corebridge Financial
In Focus: Government Market Segment
Download this Q&A to learn about impactful trends, advice for plan sponsors and participants, and the role that Corebridge plays in moving financial futures forward for government plan sponsors and employees.
eBook
Sponsored by Nonstop Administration and Insurance Services, Inc.
Broker E-book: MERP Compliance Considerations
Read on to get the need-to-know compliance considerations before you offer a Medical Expense Reimbursement Plan (MERP).
eBook
Sponsored by Vetster
Future Proofing Your Workforce: Unlocking Employee Loyalty With Pet-Friendly Benefits
Today’s employees are more likely than ever to seek workplaces that support their lives as pet parents. Discover how offering pet-friendly benefits can boost employee loyalty, improve office attendance, and enhance overall satisfaction in this eBook.
BenefitsPRO
Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!
- Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
- Exclusive discounts on BenefitsPRO.com and ALM events.
Copyright © 2024 ALM Global, LLC. All Rights Reserved.