The control of 401k costs involves internal and external 401k expenses in addition to 401k employer contributions.
I. 401k Internal Expenses (i.e., compensation to employees)
2. Use of outside 401k consultants, when feasible.
2. 401k Administration Expenses
4. 401k Investment Expenses
B. Loads-front end and back-end
C. Management expense fees-investment management and operating expenses
D. Transaction fees
E. Mortality risk charges
F. Contract fees charged by many insurance companies and wraparound fees charged by many mutual funds.
G. Trust fees
H. Investment consulting fees
5. 401k Employee Communication Expenses
B. Education, including investment of 401k funds