One Proven Way To Boost Your 401(k): Lower Fees


What if the expense ratios on your retirement funds are way too high? You'll need to ask some questions and demand some action from your plan administrator. According to Employee Fiduciary, here are the right questions to ask...

  • Can you request a proposal from at least three different service providers? Competition is intense in the retirement plan business. It's not hard to beat down fees.
  • Can you identify all compensation paid to each provider, including any `hidden indirect' compensation paid by plan investments? Fees charged by each provider should be totaled to determine their "all in" fee for services.
  • Can you identify any conflicts of interest? Some firms may have middlemen fees that won't benefit you.
  • Can you compare fees and services in an "apples-to-apples" standardized format? The DOL offers a 401k fee disclosure worksheet on their website.

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Holly Roussel-Godfrey

Holly Roussel-Godfrey joined the Employee Benefits industry in 2005 as head of marketing and sales for, a plan document and government forms software provider. Holly was responsible for developing successful marketing and sales strategies for each of the company’s software modules. Because of her passion for customer service, Holly was selected to develop a highly effective training program for Third Party Administrators and Advisors after the company was acquired by Wolters Kluwer in 2009. As Vice President – Marketing & Sales for Employee Fiduciary, Holly is responsible for the sales team as well as all marketing initiatives for the company, including inbound marketing and social media. Holly earned her BS degree in Marketing from the University of Wisconsin – Milwaukee.