Keeping Costs of Your 401(k) Low

Regulations, imposed by the U.S. Dept. of Labor on management costs of 401(k)s and comparable savings plans are important to know. 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 expenses-reducing volume.

           

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 costs at the lowest possible levels.

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