No. of Recommendations: 0
Greetings, Jason, and welcome to Fooldom.

<<Reading The Motley Fool caused me to review my 401(K). I was shocked, but you of course already knew, that my American Funds 401(K) options

1) Underperform the market by over a third.
2) Have very high maintenance fees.

Other than learning to control my outrage, is there any way (short of changing jobs) to get my money moved to something that at least matches the S&P 500? There has to be some recourse for employees suffering Wise 401(K) administrators...>>

Sad to say, no. Under normal circumstances, until you leave employment by quitting or retiring, the money stays in the 401k. You do want to play in the 401k, though, by putting in enough to get the maximum match provided by your employer. That's an immediate, tax-free, riskless return you can't get anywhere else. Even in poor performing funds, it will take years to offset that advantage in a taxable alternative.

If you feel strongly enough about this issue, you should let you feelings be known to your employer. Ask for more choices like a decent index fund or a self-directed option. More than one plan has seen its investment options change because employees demanded more choice. You know the saws...The squeaky wheel...Nothing ventured...etc. Who knows? You could be successful.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.