Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I realize that TANSTAAFL (there ain't no such thing as a free lunch) always holds...therefore, a 401K can't be free.

How does the 401K admistrating organization (in my case, First Union bank manages the 401K program for my employer) make money? I've heard rumors that they charge additional load fees and monthly fees to "allow" us to buy and hold the various mutual funds available.

I've tried to figure out how much they were charging me, but no luck. Even an email to customer service went ignored.

Anyone out there have any idea how I can find out how much First Union is charging me and my collegues?
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.