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Going rate for 401(k) fees?

PaigePaige 153 Posts
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What seems to be the "going rate" for 401(k) asset-based fees? (Read: What are you paying for your 401(k) asset-based fees?) We're paying .9%. Does that seem fairly reasonable, or should we negotiate for a reduction?

Thanks.
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  • hrbankerhrbanker 243 Posts
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    We used to have asset based fees. The fee was tiered to the assets in the fund. The more money in the fund, the lower the rate.

    The company we are currently with charges a per-account fee and extra charges for loans, payouts, etc. Our total fees average about .38% of assets.

    It never hurts to try to negotiate a discount rate. Good luck!

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