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|Subject: Re: Secrets of the 0.2%||Date: 1/22/2012 11:57 AM|
|Author: intercst||Number: 69958 of 73957|
It would be interesting to see how much of an urban myth covers the limited funds, high fee 401k thing.
Here's a NYTimes article on 401k fees.
An annual total of 0.5 percent isn’t reality for most workers, alas. According to BrightScope, a company that gathers data about retirement plans and gives some of that data to individuals while selling more information to employers, the all-in fees, including those mutual fund investments you may already know about, average 1.08 percent for plans with balances of more than $100 million, 1.36 percent for those with $10 million to $100 million and a whopping 1.90 percent for plans with under $10 million.
Of course, those are the averages. That means about half the people are paying more.
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