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<p>Recordkeeping cost in our $1.3 trillion DC database vary widely, from $20 to $80 per participant annually. This analysis explains this variance from a line-up and plan characteristics perspective: Key cost drivers include economies of scale, managed accounts, and proprietary investment options. These factors together explain about 25% of the variance in cost, indicating that recordkeeping is not a commoditized service. Moreover, higher participant account balances do not reduce costs.</p>
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<p>For plan sponsors looking to optimize their recordkeeping costs, understanding these factors is crucial. Download the whitepaper below to get CEM Benchmarking’s insights to see how you can make more informed decisions about your plan’s fees.</p>
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