Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I was in a discussion over at the FIRE Wannabees board about 401K fees.

Someone mentioned that his 401K plan takes out 1% of assets each year for custodial fees.

This seemed a bit aggressive, as I have had 3 different 401K plans over the past few years, and have not come across any fees, other than fees shown in a particular mutual fund prospectus. (which range from 0.39% up to 1%+ depeding on the fund)

What are typical custodial or management fees?

How often do employers pick up the tab?

What is the maximum custodial fees that can be legally charged? (>1%?)

Can you pay these fees with after tax money?


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.