Lincoln Trust Releases First Of Its Kind All-In Calculation of 401(k) Fees and Expenses
Lincoln Trust introduced the Personalized Expense Ratio (PER), one of the retirement industry’s most precise all-in plan cost calculations that incorporates all 401(k) fees and expenses. Available exclusively on the Lincoln Trust 401(k) platform, PER is intended for participants, plan sponsors and advisors to see the actual cost of their plans without having to perform calculations themselves.
The new Lincoln Trust enhancement was designed to go beyond the Department of Labor’s (DOL’s) recent revisions to 408(b)(2) and 404(a)(5) reporting requirements. Neither regulation calls for the calculation and display of a plan’s or a participant’s total plan cost. The Personalized Expense Ratio was designed to provide a more precise calculation by including investment expenses and aggregating fees from multiple service providers.