403(b) retirement plans are available to employees of schools, colleges, religious entities, and other tax-exempt organizations. For some employees, 403(b) accounts are their main retirement saving vehicles, although others supplement them with other plans. In a recent report, the Government Accountability Office found that the fees associated with 403(b) plans “varied widely” depending on the employer. Recordkeeping and administrative fees are the most common and can range from a fraction of a percent to well over 1% of plan assets per year. Other fees, such as for consultation, investment advisement, or legal work, also varied. Click here to read the full report. Questions? Contact Cg Tax, Audit & Advisory. © 2022