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Subject:  401K Date:  1/26/2000  8:59 AM
Author:  MGeiser Number:  1763 of 22193

I recently read the article on the Fool's home page about 401K plans and the article gives foolish advice about selecting Index Funds rather than managed funds. It also advises fools to beware of hidden fees and costs. Our 401K is with New England Funds and many of our funds appear to be index funds with low operating expenses in the area of .60% to 1.2%.

I have been informed that there is a 4% sales commission that will be paid to our New England sales rep. It was described as a one time back load. I am a new fool, and that sounded like a bad thing to me. I would be grateful ir somebody would tell me if this back load is a normal thing, and whether there are other good plans out there that have lower fees and expenses.

Foolishly Yours, Mike
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