Ever wonder why when you try to get a quote from 401(k) providers, vendors ask a handful of questions (how many participants in your plans, what’s the average account value, what’s the expected yearly contribution, etc.) before they can tell you how much their plans cost? Because each plan is priced differently, based on asset value and cash flow. The larger the plan, the greater the “revenue sharing” kickback traditional 401(k) providers receive. And by guiding you toward expensive investments, the more handsomely providers can be rewarded.
Unlike nearly every other 401(k) plan in the nation, Employee Fiduciary charges everyone the same low rate: $1,500 per year for the first 30 eligible employees and then $30 per additional eligible employee thereafter. Employee Fiduciary will refund any “revenue sharing” payments it receives, and expense ratios charged by mutual fund companies average less than 0.2% in The EF Smart Plan, giving it the lowest average expense ratio of any mutual fund line up offered to American business.
 

Ask your current 401(k) provider to make the same commitment. Here’s how.
 
 

How To Tell If Your 401(k) Plan Is Telling the Whole Truth?

Most 401(k) plans exclude investment-related expenses from their pricing literature. Others may quote what they call “total investment fees for plan administration” that are actually asset-based fees in addition to the fees mutual funds and other investment groups charge participants for stock-picking, investment management, marketing and trading.

Here’s how to tell if your 401(k) plan has something to hide:

Scan the footnotes and small print of your plan proposal. If it contains the following language (or a variation thereof), chances are you are not getting the full story on fees.

“For complete information on fees please request a prospectus.”
 
 
 
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