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I need the assistance of some learned Fools out here in cyber-world. I work for a company that wants to set up a 401K plan. My boss has a friend that works for Liberty Mutual. This company has mutual funds with contingent deferred sales charges of 5% over the course of five years. The percentage declines 1% per year. The expense ratios are huge! 2%-2.5%. The flip side is that the employer, my boss, pays Liberty Mutual a very small annual amount to manage the 401K and to do the things that a third party administrator does. (Most of the funds appear to be Stein-Roe). Some of the funds do appear to compare to the S&P 500 so we do have this going for us. I checked into having Fidelity Investments be the third party administrator, however, they charge nearly $6,000.00/yr to manange the 401k and my boss wasn't to hip on the idea. If anyone out there could offer some guidance or suggestions I would greatly appreciate it.

Thank You,


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