Mutual consolidating savings
In addition to the costs associated with the individual investment options, some 401(k)s and IRAs come with administrative fees and management fees that add to the cost of your investments and drag down your returns.
If you can avoid those fees by either rolling your money out of an old retirement plan or transferring to a new IRA provider, you’ll likely improve your odds of success.
Here are the major factors you should be considering as you decide whether or not to consolidate your retirement accounts.
First and foremost, you need to be able to implement your desired investment plan.
Sometimes you’ll have to make a choice between consolidation and optimization. The goal of consolidating your retirement accounts is generally two-fold: The catch is that those two goals don’t always go hand in hand.
Among the companies that put their trust in our capabilities and experienced significant cost savings by consolidating, there are leading companies in industries such as automotive, construction, electronics and food industry.