All-In Expense Comparison
American 401k vs. Typical 401k Cost Schedule
(for 30 employees and $300,000 in assets)

Fee Types

American 401k
Mutual Funds 7,000+
Open Architecture

Other Provider 1
Mutual Funds 4,000+
Extensive Architecture

Other Provider 2
Group Variable Annuity
Limited Universe

Set Up & Installation

$250
(one-time fee)

$1,000
(one-time fee)

$1,000
(one-time fee)

Recordkeeping & Administration

$1,100
(annually, base charge of $500 + $20
per eligible employee)

$2,250
(annually, base charge of $1,500 + $25
per eligible employee)

$2,250
(annually, base charge of $1,500 + $25
per eligible employee)

IRS 5500 Tax Form

Included

$300

$300

Custodian Fee
To Employees

$300
(.10% on plan assets)

$0

$0

Contract Asset-Based "Wrap" To Employees

0%

$0

$3,000
(1% on plan assets)

Advisory Fee

0%

0%

0%

Fund Expenses
To Employees

$3,000
(1% average expense ratio, per prospectus)

$4,500
(1.5% average expense ratio, per prospectus)

$3,750
(1.25% average expense ratio, per prospectus

12b-1 Fees

Included
in fund expenses as above

Included
in fund expenses as above

Included
in fund expenses as above

Sub TA Fees

Returned to participants

Not mentioned

Not mentioned

Total Cost

$4,400

$7,050

$9,300

Important Disclosures:
These are only examples of typical 401k costs. Actual costs are based on specific program offerings and should be reviewed in detail with your financial professional.
Mutual fund expenses vary per fund and are detailed by a fund’s prospectus.
PB&H Benefits is an administrative services firm and does not offer securities investments.

Note: The American 401k fee schedule is the same for a 403b program.