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1.
Fees for optional services in your 401(k) plan would be paid by _______.
You only. Others do not pay for optional services that you use.
2.
Which 401(k) document details information about your account, as opposed to the 401(k) in its entirety?
Account statement. The account statement covers your own plan.
3.
If you find yourself paying surrender charges as part of your 401(k) plan, that means there is an annuity in it.
True. Surrender charges are assessed on annuities if you withdraw money from them prematurely.
4.
What is the purpose of paying fees on your 401(k) plan?
Fees provide services that keep your account running. The purpose of fees is to provide various services for the health and maintenance of your account.
5.
If your 401(k) plan is an index fund, it is _______ managed.
Passively. Because index funds are made of the same investments that are in market indexes, they change very little.
6.
401(k) plan fees can include which of the following services?
All of the above. 401(k) plan fees include all of these, though not always in the same plan.