Summary of 401(k) Plan Fees
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Summary of 401(k) Plan Fees
Though it’s probably not the stuff of bedtime reading, you should take the time to learn how your 401(k) plan charges its expenses. It should take only a short while. You can also sit down with your employer or contact your plan administrator if the topic seems overwhelming.
Fee management is an important part of investing. This is not to say that fees are to be avoided; like any expense, they cover some kind of service. As an investor, you are aiming to maximize the value of your money for what you are putting into it. You don’t want to find yourself 90 years old and wondering how much more you could have gotten if you had just been more aware during your working years. Hindsight isn’t always pleasant; it is made more palatable through foresight.
There are things you can do on your own to maximize the value of your plan.
Practical Ideas I Can Start with Today
- Learn the investment options offered under my company’s 401(k) plan.
- Learn all fees levied by my plan and how they are charged.
- Sign up for available investor education that is offered by my 401(k) plan; learn about fees and investment options.
- Investigate and select from all the optional services that my 401(k) plan offers.
What you have learned
- What Are 401(k) Plan Fees and How Are They Charged?
- Why Is It Important to Know about 401(k) Fees?
- What 401(k) Fees Will I Pay in My Plan?
- 401(k) Fees and Investment Choices
- Where to Get Information about 401(k) Expenses
- What Factors Affect the Fees and Expenses of a 401(k) Plan?