401(k) fees higher for employees at small firms

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in Employee Benefits Program,Human Resources

Over the course of a 35-year career, an employee of a small company will pay $100,000 more in 401(k) administration fees than someone who works for a large firm.

An analysis by Bankrate.com attributed at least some of the surcharge to the fact that small firms typically don’t have anyone on staff to continually monitor retirement benefits.

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