Message Font: Serif | Sans-Serif
No. of Recommendations: 0
My employer just announced that for the year 2015 she will be converting our Simple IRAs into a 401k. She says the reason for the switch is because she wants to match us at a higher percent (She has been matching us the limit of 3% and says she wants to increase this to 10%).

I have been contributing 10% but have told her that I want to increase to 15%. I suppose this will become effective this pay period.

Although I welcome the higher match, I have several concerns...
Will my investment options become more limited? Do 401ks even offer the option to buy individual stocks? (I had a 401k with a previous employer and I never saw this as an option, only small cap, large cap etc). If they don't offer individual stocks, or a particular fund I currently hold in my SIMPLE, what becomes of my holdings?
Who pays the administration fees? Participants or the employer?
And what about mutual fund management fees?
FYI The brokerage (TD Ameritrade) will remain the same.

I'd really appreciate if someone can shed some light on this for me.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.