TYPES OF 401(k) PLAN FEES
There are typically four types of 401(k) plan fees.
Advisory
Fees paid to a plan advisor for investment management, fiduciary services, vendor management and employee support.
Investment
Also called โFund Fees,โ these fees are associated with investments within a plan.
Administrative
Fees paid to a record keeper and a third-party administrator (TPA) for the day-to-day plan operations.
Ancillary
Fees paid for audits or legal counsel to help you comply with laws and regulations.
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