Lincoln Trust Company has introduced the Personalized Expense Ratio for the 401(k) plans that it administers. The ratio is designed for participants, plan sponsors and advisers to see the actual cost of their plans without having to perform calculations themselves.

“We didn’t think that the DOL regulations went far enough to provide a clear understanding of the true cost of a 401(k) plan,” said Tom Gonnella, senior vice president of corporate development at Lincoln Trust. “Our Personalized Expense Ratio was designed to provide a more precise calculation by including investment expenses and aggregating fees from multiple service providers.”

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