401(k) adviser fees for small plans buck compression trendInvestmentNews
March 29, 2019
Small 401(k) plans are proving to be an oasis of sorts for financial advisers even as fees for larger plans are declining rapidly.
Average advisory fees for a $100 million 401(k) plan decreased by 9% in 2018 from the year prior, according to Fi360, a fiduciary consulting firm. The fee — around $71,000, or 7 basis points on plan assets — has declined 20% since 2013.
Meanwhile, fees among smaller 401(k) plans have rebounded from historic lows, the Fi360 data show.
Get more insights from Matt Burt, Fi360's director of professional services, in this article.