I think the "average expense ratio" is supposed to be the average expense ratio of all similar funds. I don't know how it's calculated - it might be in the fine print but it might not, I don't know. It could be anything from a weighted average to just an average of the epxense ratios of all similar funds in existence, regardless of size. Anyways that's not too relevant. I'm sure there's index funds out there with 1.46% expense ratios, but you and I aren't going to invest in them.I don't know about your plan, but my company's JH 401(k) seems to add about 0.5% in fees on top of what the underlying mutual funds charge. I don't plan on staying here forever so I'm investing in the max the lowest cost fund they have with the plan of rolling it over to an IRA as soon as I leave.Stan02
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