401k fees shouldn’t always increase.

Asset-based 401k fees have been the industry standard. Until now.

Over-Complicated Disclosure Forms

The federal government requires annual filings and fee disclosures, but they are complex and not very useful.
Service providers have no motivation to increase understanding of a plan’s true cost.
For Employers & Plan Sponsors Form 5500
  • A public document for 401k plan sponsors and source of data for federal agencies, Congress and others. Filed annually with government by service providers.
  • Should include service providers’ fees but it is rarely accurate or complete. Fees typically understated, sometimes even showing $0 – 401k plans aren’t free.
For Employees/Participants Participant Fee Disclosure
  • A document for 401k participants with information regarding the plan’s investment options, performance, fees and expenses. Distributed annually by service provider.
  • Fees information difficult to understand – expressed only as % of assets and cost dollars per $1,000. Unable to see the raw dollar total of fees deducted from accounts – shockingly high over time, especially nearing retirement.

Investment Funds Matter

Service providers often select investment funds that are best for their pocketbook, not participants’ investment returns.  Service providers often receive a portion of the revenue for using particular investment funds in a 401k plan (this is called revenue sharing). These hidden fees restrict 401k performance potentially denying participants additional hard-earned retirement savings.
Many 401k advisors are often just too reactive (or passive) – participants have to call them for help.

Avoid Ever-Increasing Asset-Based Plan Fees

Fees Matter

FixedFee401k sets a fixed fee for plan administrative and advisor services. Lower, fixed fees can give 401k participants a better chance at a successful retirement outcome.

Funds Matter

FixedFee401k plan investments selected from broad universe of low-cost high-quality funds and we act as the plan’s Investment Manager as defined under ERISA 3(38). No conflicts of interest or hidden fees here.

Support Matters

Participants deserve dependable educational advice to make the right decisions regarding retirement savings. FixedFee401k provides complete, dedicated support for both the plan sponsor and its participants to help maximize results.

It’s time to switch. Let’s get started