Plan administration fees pay for the plan’s day-to-day operations and are usually charged and paid for in one of three ways:
- As investment fees deducted directly from your investment returns before they hit your account (for example, a revenue share of 0.25%)
- As an additional expense out of participant accounts (for example, $50 annually per participant deducted from each participant account)
- Charged directly to the employer as a flat fee (for example, a $1,000 annual maintenance fee)
See this article to learn more about your Guideline fees.