No. of Recommendations: 0
If there is a high turnover rate among the employee population, it can be very expensive to add accounts to a 401(k) plan where there is a 'per account' fee.

I have worked in organizations where particular jobs had in excess of 100% churn rate. So every year, you have the potential of paying twice the number of account fees as you have employees.


Exactly! And, unless you have minimum investment provisions, these folks can STAY, potentially adding additional account fees over time even after they leave.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.