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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: 401(k) reporting by employer Date: 3/9/2000 5:46 PM
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ralphmiller wrote,

Yes, you should complain. I work for SBC, and they recently started a web-based 401K personalized page service (using MetLife as a vendor). I have a personal password and can check my balance and fund return rates etc. at any time. It is updated with new balances fairly often (daily or thereabouts) including paycheck and matching contributions. You should tell your employer to check out MetLife, which is obviously selling this service.

What kind of fees are you paying in your 401(k)?

Insurance companies such as MetLife tend to have the highest fees. If your employer is paying the fees, who cares? If it's being deducted from your account, it's a big deal. Even a 1% annual fee could cost you tens or hundreds of thousands of dollars in the size of your eventual retirement nest egg.

intercst
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