Ubiquity

Ubiquity Blog

401k Resources, News and Trends

401k fees: Always Read the Fine Print

Dylan Telerski / 22 Aug 2019 / 401k Resources
Maginfying glass on 401k fees

Are you saving in your job’s 401k plan?

Whether you’ve just started, or you’ve been investing for years–you’re taking important steps towards financial security in your golden years.

When it comes to your savings potential, making smart, informed investment decisions can have a real impact on how much your savings can grow. That’s why it’s important to learn about the investment options you have to choose from in your plan and understand all the costs involved with those investments. Nothing in life (or in your 401k plan) is free–all services have costs, including investment

Learn about the investment options you have to choose from in your plan and understand the costs involved with those investments–all services have costs even those related to investments through your retirement plan.

In recent years, there’s been a lot of media attention on 401k cost and the fees both business owners and their employees are paying for 401k investments and recordkeeping services – and for good reason.

Differences in fees as small as 0.1% per year can lower your account balance by thousands of dollars by the time you retire.

For example: Assume an employee with 35 years until retirement has a current 401k account balance of $25,000 and earns an average investment return of 7% per year until retirement. Without any additional contributions, here is how 401k fees could affect the account balance at retirement.

Total 401k Fees
Account balance

0.5%

$227,000

1.5%

$163,000

Total 401k Fees
Account balance
Total 401k Fees
Read full article
Most Recent Articles
20 Aug 2019

Most Americans are unprepared for retirement — here’s how to fix that

This article originally appeared on Marketwatch The extended U.S. government shutdown that occurred earlier this…

graphic conceptual image of laptop connecting a remote workforce
7 Aug 2019

3 Ways to Engage a Remote Workforce

In today’s digital age, more people than ever are working from home. In fact, a…

27 Jun 2019

Market Shifts + Your 401k Plan

Nothing is certain except death, taxes, and market volatility. As part of our new program,…

Dollar folded like a boat promoting that you can "Keep taxes at bay" with a Safe Harbor 401(k) plan
18 Jun 2019

What’s so safe about a Safe Harbor 401k plan?

Getting ready to offer a 401k retirement plan to your employees? Way to go! Offering…

Edukate and Ubiquity partnership - pieces of the puzzle fitting together
6 Jun 2019

All About Financial Wellness

This week we were excited to announce the launch of CensiblyYours Financial Wellness Tools, our…

Ubiquity Media Round Up Header Image with Microphone
21 May 2019

May Media Roundup: Uber IPO, Amazon Incentive Spur Questions On Retirement Savings For Gig Economy Workers

Uber’s highly anticipated IPO this spring shined a spotlight on ride-hailing driver benefits as compensation…

Financial tips to help grow your small business
4 Apr 2019

Five Financial Tips to Help Grow Your Small Business

Financial management - especially for small businesses - can be a daunting task. That is…

smiling couple looking at retirement savings
21 Mar 2019

Your Small Business Is The Right Size For A 401(k)

It’s no secret that the life of a small business owner is a lot of…

Ubiquity Media Roundup
18 Mar 2019

March Media Roundup

Ubiquity in the News As a pioneer in small business retirement savings, we’ve been leading…

Battle of the 401(k) Contributions Traditional v Roth
12 Feb 2019

Traditional 401k vs. Roth 401k

You're contributing to your workplace retirement account–that's great! But how are you dealing with the…

Banner header with holiday gift package that says "5 Holiday Mistakes That Could Really Cost You"
10 Dec 2018

5 Holiday Mistakes That Could Really Cost You

Today we’re sharing a guest post about how to be smart with your finances this…

Read the Definitive Guide to Small Business 401k
Download Your 401k Guide Now

© 2019 Ubiquity Retirement + Savings
Privacy Policy
44 Montgomery Street, Suite 3060
San Francisco, CA 94104
Support: 855.401.4357

Facebook Twitter LinkedIn YouTube

© 2019 Ubiquity Retirement + Savings
Privacy Policy
44 Montgomery Street, Suite 3060
San Francisco, CA 94104
Support: 855.401.4357

Credit Card Logos