The cost of offering and participating in a 401(k) plan continued on a downward trajectory, according to analysis of the most available Form 5500 data by the Investment Company Institute and BrightScope.
For all plan sizes, total plan costs averaged 89 basis points in 2013, down from 102 basis points in 2009.
Of course, larger plans experienced significantly lower costs than the average for all plans.
At the end of the second quarter of 2015, 401(k)s held $4.7 trillion in assets, accounting for nearly one-fifth of all retirement assets, according to the study.
In 2013, Form 5500 filings with the Department of Labor showed there were 525,954 total plans.
The majority of those — 302,492, or 57.5% — held less than $1 million in assets. Plans with $10 million or less in assets accounted for nearly 94.5% of all plans.
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