Thursday, February 21, 2013 6:11 pm
News Summary: Schwab touts 401(k) plan fee savings
By The Associated Press
THE NUMBERS: Fund expenses for investors in the plan fell 77 percent to $14.78 per $10,000 invested. Prior to transitioning to an all-index fund approach, the weighted-average operating expense ratio on these investors' 401(k) plans was $65.11 per $10,000 invested.
HOW IT WORKS: Index funds seek to match the market by tracking an index. Their fees are lower than actively managed funds.