The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The Average 401k Mutual Fund Expense Ratio Rose in '09 Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, September 17, 2010

The Average 401k Mutual Fund Expense Ratio Rose in '09

News summary by MFWire's editors

401(k) plan participants invested in mutual funds on average paid slightly higher expense ratios in 2009, Reuters reports .

According to Reuters, which cited data from the Investment Company Institute , the asset-weighted average expense ratio paid by 401(k) investors on their stock funds rose three basis points to 74 bps. The expense ratio paid on bond funds increased by two basis points to 55 bps.

Expense ratios of stock and bond funds overall (not just in 401(k) plans) averaged slightly higher in 2009, compared with 2008.

At the end of 2009, 401(k) plans held $2.8 trillion in assets, of which $1.53 trillion, or 55 percent, were invested primarily in stock mutual funds, according to the ICI. More than three-quarters of stock mutual fund assets held in 401(k) plans were in stock mutual funds with expense ratios less than one percent.

The average turnover rate for stock mutual funds held in 401(k) plans increased to 54 percent from 50 percent in 2008. The turnover rate last year was the highest since 2002.

The industrywide simple average turnover rate in stock funds was 113 percent in 2009, up from 104 percent the prior year and the highest since 2002, the report showed. 

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use