Skip to main content

Lower 401k Fees Form

Existing & Start Up Retirement Plans

More than half of the businesses in America have no idea how much they pay in fees for their 401(k) administration or are paying high costs. A 2015 study found that in of 401(k) plans, fees were so excessive they outweighed the tax benefits.

Existing Plans

• Employers can request a fee schedule of investment options within their plan from the plan provider.
• Requesting fee a copy of quarterly statements and invoices of administration costs and investment statement.
• Request current 408(b)2 fee disclosures

Start Up Retirement Plans

In order for us to start a new retirement plan for your company we’ll need the following documents.


  •  First and Last Names
  • Dates of birth
  • Dates of hire

Reducing 401(k) fiduciary liability

Companies seeking to reduce their fiduciary liability for 401(k) plan sponsors today is paying excessive fees from plan assets.  When 401(k) plan administrator’s fees are paid from a company business bank account not the plans investment assets, any potential liability for overpaying these fees is eliminated.

Lowering income taxes

Employers who decide to pay 401(k) administration fees are from the plans assets are not tax-deductible to the business. On the other hand when a company pays them they reduce the owner’s taxes as a business expense.  For companies who start up a 401(k) plan that is brand new, these fees may even qualify for a tax credit that could add up to $500 for each of the first 3 years of your plan. Plan sponsors qualify for this credit when:

  • A business has 100 or fewer employees who received at least $5,000 in compensation in the prior year.
  • They have at least 1 employee within the plan as a participant defined as a non-Highly Compensated Employee.
  • The company has covered the same employees within a different retirement plan for more than 3 years.

Calculate Your Expense Ratio to Save More for Retirement