I recently read a great article at PlanAdviser.com. Please see below.
The report, The Economics of Providing 401(k) Plans: Services, Fees and Expenses, 2010, shows at year-end 2010, $1.8 trillion, or more than half, of the $3.1 trillion in 401(k) assets was invested in mutual funds, primarily in stock funds.
The asset-weighted average expense ratio paid by 401(k) investors on their stock funds dropped 3 basis points to 0.71% in 2010, slightly lower than the 2009 average. According to the ICI, the 401(k) average expense ratio is measured as a 401(k) asset-weighted average; the total expense ratio, which is reported as a percentage of fund assets, includes fund operating expenses and the 12b-1 fee.
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To read more, please visit the PlanAdviser.com. article link.
Integrity Financial Corporation’s flagship 401k client is the Association of Washington Business (AWB) in Olympia. AWB is Washington state’s premier advocate for the business community and is recognized as The State’s Chamber of Commerce. This plan has a BrightScope Rating of 76, placing it in the top 15% of all plans in its peer group. www.brightscope.com
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