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re: 401K: who manages your company plan?
Posted on 8/12/15 at 9:47 am to 3morereps
Posted on 8/12/15 at 9:47 am to 3morereps
I dunno, what if the fund with a 1.3% ratio consistently performed 2% better returns on average and had half the volatility?
Not to mention your other fund in question will have a wrap fee of 1% slapped on top of it.
Not to mention your other fund in question will have a wrap fee of 1% slapped on top of it.
This post was edited on 8/12/15 at 9:49 am
1
Posted on 8/12/15 at 10:58 am to Shepherd88
quote:
I dunno, what if the fund with a 1.3% ratio consistently performed 2% better returns on average and had half the volatility?
Using empirical data, what is a fund manager's probability of consistently outperforming an index fund by 2% in an asset class?
I'm talking level, annual fees of 10 to 30 bps (.1%to .3%) in the next ten years, hence why advisor compensation will be deminimus. If I was in the business, I'd be looking for a new gig.
Posted on 8/12/15 at 11:10 am to 3morereps
I'm gonna post something up for you to take a look at...
This post was edited on 8/12/15 at 11:15 am
Posted on 8/12/15 at 11:29 am to VetteGuy
Mercer
Posted on 8/12/15 at 11:57 am to VetteGuy
Who is this financial firm that manages this plan? I wonder if it's pro rating the TPA fee's into the "service" fee.
Most financial firms I know of waive the wrap fee after the 401k plan reaches $1mill
Most financial firms I know of waive the wrap fee after the 401k plan reaches $1mill
Posted on 8/12/15 at 12:04 pm to Shepherd88
This is The Standard.
The wrap fee drops to 1.55 after $1M in assets.
The wrap fee drops to 1.55 after $1M in assets.
Posted on 8/12/15 at 12:11 pm to VetteGuy
Those expenses are high no doubt, lol.
Posted on 8/12/15 at 12:20 pm to Shepherd88
Yeah, I am just now figuring this out.
I'm reading this right:
warp fee + recordkeeping fee+ fund fee= 2.25%
So, if on my earnings report, it shows a annual return of 3.25%, would that mean only a real return of 1%?
I'm reading this right:
warp fee + recordkeeping fee+ fund fee= 2.25%
So, if on my earnings report, it shows a annual return of 3.25%, would that mean only a real return of 1%?
Posted on 8/12/15 at 12:22 pm to VetteGuy
What you see on your statement should be net of expenses.
Posted on 8/12/15 at 12:30 pm to Shepherd88
I've got some questions into them now.
Posted on 8/12/15 at 2:52 pm to VetteGuy
Yeah, your return should be net of expenses, so you're return before fees would 5.5%.
Assuming a gross return of 5.5% and aggregate fees of 2.25%, 2.25/5.5 = 43% of your return is going to plan fees...ouch, I would talk to management about going out for proposal on your plan.
Assuming a gross return of 5.5% and aggregate fees of 2.25%, 2.25/5.5 = 43% of your return is going to plan fees...ouch, I would talk to management about going out for proposal on your plan.
This post was edited on 8/12/15 at 3:00 pm
Posted on 8/12/15 at 4:00 pm to 3morereps
quote:
management
They screwed up, it appears.
And since that's me, I'm gonna talk to me.
Posted on 8/12/15 at 5:09 pm to VetteGuy
John Hancock, formerly New York Life. I miss the days of having my 401k with Fidelity or Vanguard.
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