The Cost of Managing Your 401(k)

There are new regulations imposed by the U.S. Dept. of Labor in 2012 on management costs of 401(k)s and comparable savings plans. The smaller plans, especially, can become expensive to manage because of paperwork and questions that may arise during plan administration. Larger plans can benefit from volume having expenses reduced.

As is the case with most government attempts, there is little an employee can do but voice opinion to company management, that will allow for competition among funds to keep such costs at the lowest possible levels. (See the Earl J. Weinreb NewsHole® comments.)