The company that I work for uses the Frank Russell Company to invest our 401k money. Unfortuantely, the office 401k adminstrator is not sure exactly how Frank Russell operates, other than to say that it is kind of like a "fund of funds." This concerns me for a number of reasons, not the least of which is that the office 401k administator doesn't have a clue about the plan. My biggest concern is with the label "fund of funds." When I hear this I see dollar signs in extra fees. When I asked the office 401k administrator what the yearly fees were and if I could see a prospectus for our 401k funds, she told me that Frank Russell does not supply a prospectus nor do they disclose fees. This is very troubling to say the least.Does anybody know anything about Frank Russell or how I can get a grip on the fees that I'm paying to these guys to manage a fund of funds? Any assistance would be greatly appreciated. Thank you.
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