Are 401(k) fees based on contribution amounts or total account balance? What's reasonable?
I have a good employer match of a straight 25%. Deposits are made weekly. My balance is roughly 0,000. I have contributed ,800 YTD, and paid 7 in fees, or 4.6% of my contributions.
Are these fees reasonable, high, or low? Are 401(k) fees based on contribution amounts or total account balance?
(1)1 Comments
Sorted by latest first Latest Oldest Best
817/150,000 = .54%
Fees are based on balances not deposits, usually. Putting a front loaded fund as an option in a 401(k) should be criminal, not sure it is though.
Ask your HR dept to provide you fee details. If the .54% is correct, it's not bad.
I hope you have money from prior jobs as well, by the way.
Terms of Use Privacy policy Contact About Cancellation policy © freshhoot.com2025 All Rights reserved.