An annual report on fees in defined contribution plans by investment consulting firm NEPC, which consults on $184 billion in plan assets, shows total retirement plan costs have hit another all-time low.
And for the first time in the study's 11-year history, the majority of retirement plan sponsor respondents report having a fixed, per-participant recordkeeping fee structure in place.
Since 2013, 81 percent of the 117 plan sponsor respondents report having renegotiated their recordkeeping fees; 51 percent of the plans in the survey, which had an average size of $1.1 billion in assets, now apply a per-participant fee for recordkeeping.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
