Good news for retirement savers: average mutual fund expense ratios in 401(k) plans are at historic lows, dropping from 0.76% in 2000 to 0.26% in 2024. Even a small decrease in fees can significantly impact your account balance over time. Target-date funds have also seen a decrease in average expense ratios, from 0.67% in 2008 to 0.29% now. Employers are required to disclose fees associated with your 401(k), including expense ratios for each fund. Keep expenses low by choosing index funds or options with ratios below 0.5%. Stay informed and plan for a secure financial future.

Read more at Yahoo Finance: Retirement savers are getting a boost from low mutual fund fees