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1.
If your 401(k) plan is an index fund, it is _______ managed.
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Passively. Because index funds are made of the same investments that are in market indexes, they change very little.
2.
Your 401(k) plans annual report details the expenses that you paid individually for your plan.
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False. The annual report is a general document that covers the 401(k) plan overall. You should consult your account statement for information on any fees that you paid individually.
3.
In a 401(k) plan, commissions would be covered under which type of fee?
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Investment fees. Commissions cover the buying and selling of investments; therefore, you pay for them as part of your investment fees.
4.
401(k) plan fees can include which of the following services?
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All of the above. 401(k) plan fees include all of these, though not always in the same plan.
5.
You should pay attention to fees in your 401(k) account because _______.
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They can affect your retirement balance greatly. Even small fees add up over the course of many years.
6.
Most mutual funds may charge you a front-end load. This is to cover _______.
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Buying shares. Front-end loads pay for brokers buying shares for you.