What Are the Types of Hidden Fees Associated with a 401K?
Saving for retirement already requires employees to put money aside—the last thing they want to hear is that they’re being penalized for doing so. Unfortunately, small businesses haven’t always had access to plans with the low expense ratios enjoyed by enterprise companies. At Guideline, we take a different approach.
Do you have to pay individual service fees?
While employers will sometimes cover these costs on employees’ behalf, they are not required to. Individual Service Fees: Providers will often charge participants for special one-off services, like distributing funds, processing a 401 (k) loan, or processing a Qualified Domestic Relations Order.
