- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: 401k meeting today. Right way to ask about high fees??
Posted on 10/27/16 at 4:49 pm to Tigerstark
Posted on 10/27/16 at 4:49 pm to Tigerstark
quote:
Size of the plan is very inportant here. 10 people with avg balance of $5k is going to have higher percentage expenses than a $2m plan with $350k in flow, etc.
That's a given and why I included the employee count. Still, to pay 2.00% fund ERs plus whatever other fees are tacked on in today's world should be noncompetitive unless the employer is tiny and/or doesn't understand the true plan costs. Depending on the OP's tax bracket he may be better off with a TIRA or Roth as he gets no match and fund costs are shite. If it helps tax wise keep pushing for the adoption of better options.
1
Posted on 10/27/16 at 10:23 pm to tirebiter
Ask for the 408 disclosure. All fee must be disclosed. Typical plan "all in" fees will depend on plan size. On average I see:
Under 1 million 2%
1-3 million 1.6 %
3-5 million 1.25%
Over 5 million 1.00 or less.
Those are averages. What a participant actually pays depends on his fund selection. More small cap and international will cost a little more, bond funds and index funds a little less.
Under 1 million 2%
1-3 million 1.6 %
3-5 million 1.25%
Over 5 million 1.00 or less.
Those are averages. What a participant actually pays depends on his fund selection. More small cap and international will cost a little more, bond funds and index funds a little less.
This post was edited on 10/27/16 at 10:32 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News