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Financial Planning / Foolish 401(k)s


Subject:  Re: Better 401K Administration Date:  3/4/2013  11:35 AM
Author:  Fuskie Number:  25022 of 26116

Are you thinking that your employer might change their 401k plan on your recommendation? Most likely they looked for an administrator that provided acceptable service for a low cost to the employer. The high commissions and annual maintenance fees are an example of the employer getting a discount by passing costs on to the employee. Unless the employer is willing to bear more of the costs and adopt a better plan, no recommendation on your part will help.

Who expects there are also term clauses and penalties in the agreement between the plan administrator and the employer which will preclude a quick transition even if it was desired...
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