401k costs -- small business 401k plan cost comparisons401k plan costs for small businesses and 401k plan cost comparisons for small business 401k plans. The following topics are addressed in this website:
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401k costs -- small business 401k plan cost comparisons401k plan costs for small businesses and 401k plan cost comparisons for small business 401k plans. The following topics are addressed in this website:
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| According to HR Investment Consultants in Towson, MD, publisher of the "401k Provider Directory, "the cost of running a 401k plan with 25 participants and $750,000 in assets can range from as little as $6,750 per year to as much as $20,000, depending on which 401k vendor you select. (Sources: Nation's Business, September 1998, Myers, Randy "Your 401k Plan May Cost You Too Much." Business Week Online, July 2000, Brenner, Lynn "A Wealth of Choices."). By comparison, a 401(k) Easy or Easy Online system costs only $995 pear year for a 25-person plan---a savings of between 60% and 80% in plan administration fees. |  |
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