The company’s “1% Goal” campaign makes the claim that no participant should pay more than 1% in total fees. ShareBuilder 401(k) charges a 0.75% annual asset management fee and offers exchange traded funds with an average model portfolio expense ratio of 0.21% – which brings the total fees paid to 0.96%, according to the press release.
Smaller companies end up paying larger fees because they don’t have the same negotiating clout as big clients, according to a press release from the company.
As part of the campaign to raise awareness, ShareBuilder has created a Web site – http://www.401kcostguide.com – that helps users decode 401(k) fees and illustrates how the fees impact retirement savings.
For more information, visit http://www.sharebuilder401k.com.