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Benefits Beginner: Introduction to 401(k) Plan Fees

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1.
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.
2.
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.
3.
Which 401(k) document details information about your account, as opposed to the 401(k) in its entirety?
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Account statement. The account statement covers your own plan.
4.
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.
5.
You may have to pay a fee if you take out a loan from your 401(k) plan.
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True. This is an optional service, and there is often a fee for it.
6.
401(k) plan fees will have a negligible effect on your account balance over many years.
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False. Over many years, even small fees will really eat into your account balance.