π¨πππΎππππΎππ πΊπ½ππππππ ππΎππππΌπΎπ πΏππ π¦πππ½πΎπ πππΎβπ 401(π) (πππΎπ 3(38) πΏππ½ππΌππΊππ ππΎππππΌπΎπ πΊππΎ πΊπππππππΎπ½) πΊππ½ π²π€π― π¨π±π /π¨π±π ππππ½ππΌππ πΊππΎ ππΏπΏπΎππΎπ½ π»π π¦πππ½πΎπ πππΎ π¨πππΎππππΎπππ, π«π«π’, πΊπ π²π€π’-ππΎπππππΎππΎπ½ ππππΎππππΎππ πΊπ½ππππΎπ. π±πΎπΏπΎππΎππΌπΎπ ππ βπ¦πππ½πΎπ πππΎβ βππΎβ ππ βπππβ ππ ππππ πΊππππΌπ πΎ πππΎπΌππΏππΌπΊπ π π ππΎπΏπΎπ ππ π¦πππ½πΎπ πππΎ π¨πππΎππππΎπππ, π«π«π’. π₯ππ ππππΎ πππΏππππΊππππ ππΎππΊππ½πππ πΏπΎπΎπ πΊππ½ ππΎππππΌπΎπ, ππΎπΎ π¦πππ½πΎπ πππΎβπ π π£π΅ 2π π‘πππΌππππΎ πΊππ½ π₯πππ π’π±π².
The Department of Labor divides 401(k) fees into 3 main categories:
Investment fees
Investment fees typically account for the largest share of 401(k) fees overall.
These costs cover any investment-related services. Usually, these are charged as a percentage of assets.
Administration fees
Administration fees cover general 401(k) management, such as day-to-day administration, record keeping, reporting, and compliance testing. These costs are often charged as a flat rate per participant or a percentage of assets under management. While employers will sometimes cover these costs on employeesβ behalf, they can pass some onto the plan participants.
Individual service fees
401(k) providers often charge participants for various one-off services, like distributing funds, processing a 401(k) loan, or processing a Qualified Domestic Relations Order.
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What fees are participants charged?
Participating employees pay an account fee called an asset under management (AUM) fee that typically ranges between 0.15% and 0.35% of their account balance.ΒΉ The exact amount charged depends on the pricing plan chosen by their employer and when the plan was established. Additionally, our managed portfolios have a blended average mutual fund expense ratio ranging from 0.058% to 0.061% of assets under management.Β² The expense ratio is not charged for your 401(k), but instead by the managers that operate the funds.
We do not charge individual service fees, including, but not limited to rollover fees, distribution fees, loan application fees, loan maintenance fees, QDRO fees, check stop payment fees, or expedited mail fees.
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ΒΉ Investment advisory services for Gustoβs 401(k) product (when 3(38) fiduciary services are appointed) and SEP IRA/IRA products are offered by Guideline Investments, LLC, an SEC-registered investment adviser. An assumed annual account fee of 0.15%-0.35% is applied to assets under management and is deducted on a monthly basis. Itβs calculated at 1/12 of the annual stated rate (0.15%-0.35%) based on the account balance on the last day of each month.See the Form ADV 2A Brochure for more information regarding fees.
Β² Expense ratios for custom portfolios will vary. These expense ratios are subject to change by and paid to the fund(s). View full fund lineup.
There may be sales tax applied to your invoice dependent on the state in which you are located.