Employee Fiduciary’s 401(k) plans are designed to keep as much money in the market, working for employees’ retirement.

Our full-service 401(k) costs $1,500 per year for the first 30 eligible employees and then $30 per additional eligible employee thereafter. (So if you have 30 employees, the fee would be $1,500. If you have 31, it would be $1,530). That's it. No hidden fees.

But that's just the start: We refund to participants any

  "revenue sharing" and "12b-1" payments we receive, and participants can save each year by selecting investments in the EF Smart Plan, where all investment fees charged by mutual fund companies average less than 0.2%. There are no additional asset-based fees.
   

 

 This is approximately 80% less than the total cost of most other comparable plans.
   
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Employees May Save 80% Each Year!
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Self-Directed Investors Save Too.
  Individuals who opt to build their own 401(k) plan, may trade through a self-directed account with Ameritrade®, at cost. That’s right: no mark up. Another reason we are America’s most efficient, low-cost retirement provider.
   
 
   
   
 
Comparison of Employee Fiduciary Fee Structure vs. Typical 401(k) Plans
 
 

Typical 401(k) Cost Schedule
(for 65 employees and a $3 million plan)
Fee Types
Employee Fiduciary

Variable Annuity 401(k)
(offering non-propriety investments)
Mutual Fund
Sponsored 401(k)
(limits choice to company’s own funds & “pay to play” investments)
Set up & installation
$1,000
(one time cost)
$1,500
(one time cost)
$0
Record keeping & administration
$2,550
($1,500 for 1st 30 employees, then $30 per head)
$2,550
(base charge $1,250
+ $20 per head)
$0
Contract asset- based "wrap"
$0
$16,488
(0.5496% annual charge)
$0
Investment Management Fees†
$6,000
(less than 0.2%)
$18,000
(0.6% of asset value)
$42,000
(1.4% of asset value)
12b-1 Fees††
$0
$27,000
(1% on 90% of funds)
$27,000
(1% on 90% of funds)
Total Costs
$9,550
$65,538
$69,000
† These fees, levied on individual investors by mutual funds, are usually disclosed in a separate investment prospectus and excluded from a 401(k) provider’s proposal and contract.
 
††  Employee Fiduciary refunds back to participants any 12b-1 fees, which mutual funds typically charge for marketing.
   
    While the mutual fund-sponsored plan, with $0 up-front costs, may appear to be the cheapest option, it is actually the most expensive.
   
    It is important to note the effect of high investment-based fees on individual account balances over time. With expensive asset-based fees, the more people save, the more they are penalized.
   
 


For example, if you participated in the mutual fund-sponsored plan and had a balance of $50,000, you would pay $1,150 a year in expenses. If your plan grew to $70,000, you would pay $1,725 for the same services.