Retirement-plan providers are jacking up management fees and expenses for many small firms. You don’t necessarily have to sit there and take it.

Here are four ways to hold off rising costs for 401(k)s and similar plans:

1. Revisit and compare. The first step is to determine exactly how much your firm is paying (administrative fees, management fees, etc.), as well as how the plan has performed. Next, do a side-by-side comparison with the competition.
   Reason: Most retirement plans have struggled over the last year, but some have done much better than others. Enlisting the help of a benefits consultant or an outside advisor can also be very helpful here.
2. Renegotiate, renegotiate, renegotiate. The market has hurt everyone — including retirement plan providers. The last thing they need is to lose valuable customers, so many will be open to renegotiating your current rates.
   Key: For better deals, come to the renegotiation process armed with bids from the competition.
3. Check out small-business-friendly providers. Certain retirement plan providers base fees on factors such as service offerings and the number of plan participants — regardless of what assets are in the plan.
   For small firms, especially those with lots of assets, this type of fee structure can be extremely beneficial.
4. Bundle services. Does your provider have any major price hikes in the works? If so, it may be worth it to try brokering a deal with one of your other service providers.
   For example, a NY-based company was hit with a $3,000 charge to reinstate its 401(k). Instead of giving in, the firm opted to change providers. It went with the company that handled its payroll, which offered a discount. The company ended up saving $500 a year.