Reported about 14 hours ago
Recent research reveals that average mutual fund expense ratios in 401(k) plans have reached historic lows, dropping from 0.76% in 2000 to 0.26% in 2024. This decline means significant savings for retirement savers, as even a small reduction in fees can lead to substantial differences in account growth over time. For example, a $25,000 401(k) account could grow to over $245,000 with lower fees compared to just under $208,000 with higher fees. Experts advise becoming aware of 401(k) fees to maximize retirement savings.
Source: YAHOO