Administrative Fees 403(b) Plan Service Providers Charge

Administrative fees plan service providers charge can cover services such as: 

• record keeping for the plan; 
• communications with participants; 
• those incurred on an individual participant basis, such as fees for processing a participant loan or distribution; 
• Investment-related fees—those associated with buying, selling, and managing investments; and
• embedded costs of plan administration. 

Source: “Defined Contribution Plans: 403(b) Investment Options, Fees, and Other Characteristics Varied,” Available at: GAO-22-104439, DEFINED CONTRIBUTION PLANS: 403(b) Investment Options, Fees, and Other Characteristics Varied