Hidden 401(k) Fees Are More Common Than You Think
We've analyzed hundreds of small business 401(k) plans over the years, and have found that many 401(k) providers hide most of their administration fees in fund expense ratios through practices such as revenue sharing.
The chart below shows what percentage of each provider's fees are represented by these hidden fees.
![ef-chart[v4]-1](https://www.employeefiduciary.com/hs-fs/hubfs/ef-chart%5Bv4%5D-1.jpg?width=901&name=ef-chart%5Bv4%5D-1.jpg)
Everything You Need to Uncover Your Provider's Fees
ADP
Required Documents
ADP Compensation and Fee Disclosure Statement
Latest Monthly Invoice
How to Calculate ADP 401(k) Fees
American Funds
Required Documents
Disclosure of Services and Fees
Statement of Assets Report
404a-5 Participant Fee Disclosure
TPA Services Agreement (if unbundled)
Ascensus
Required Documents
Disclosure of Services and Fees
Statement of Assets Report
TPA Services Agreement (if unbundled)
How to Calculate Ascensus 401(k) Fees
Empower
Required Documents
Plan Fee Disclosure for Plan Fiduciaries
TPA Services Agreement
How to Calculate Empower 401(k) Fees
Fidelity
Required Documents
Statement of Services and Compensation
How to Calculate Fidelity 401(k) Fees
John Hancock
Required Documents
Updates to 408(b)(2) Disclosure Information
Statement of Assets Report
TPA Services Agreement
How to Calculate John Hancock 401(k) Fees
MassMutual
Required Documents
MassMutual Disclosure Statement
Plan Service Review
TPA Services Agreement
How to Calculate MassMutual 401(k) Fees
Nationwide
Required Documents
Nationwide Fee Disclosure
404a-5 Participant Fee Disclosure
Statement of Assets Report
How to Calculate Nationwide 401(k) Fees
Paychex
Required Documents
Retirement Plan Fee Disclosure
Statement of Assets Report
Latest Monthly Invoice
How to Calculate Paychex 401(k) Fees
Vanguard
Required Documents
The Vanguard Group, Inc Disclosure of Services and Fees
How to Calculate Vanguard 401(k) Fees
VOYA
Required Documents
Summary of Investment Expenses and Indirect Compensation
Statement of Assets Report
TPA Services Agreement