No. of Recommendations: 1
You will not see a line item on your statement for expenses of the fund. THese are the expenses that make up the expense ratio, they include, management fees, 12b-1 fees, Custodial, or transfer agent fees, marketing expenses, etc. THese expenses are taken out daily when the NAV of the fund is calculated. Assets of the fund, minus expenses, divided by the number of outstanding shares gives you the NAV. THe expense ratio is part of that fee. It is found in the prospectus. (Prospecti??)
IF your 401k is offered by an insurance company there may be other fees that are deducted from the assets and not disclosed. IF it is with a mutual fund company, any other expenses that are deducted from the Plan assets, other than the expense ratio must be disclosed on the IRS Form 5500 for your plan. In most cases the employer pays the administrative charge and it is not required to be disclosed if that is the case. Ask your employer what they are paying for the plan and ask them for an explanation of the fee you see being deducted.

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!
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.