I don't mean to hijack this thread but I think it's relevant and I posted another now...
My wife is in the same boat. In fact I helped her start a 457 with Valic. Later on I noticed they were charging about .4 to .5% for fees. Of course I have researched and researched and can't find their management fee disclosed anywhere. My question is...since it's a 457 does this maybe outweigh things? My thoughts are yes. In fact, we have another 457 that's from another job(she recently changed jobs) and I am torn over whether I should ask her to liquidate it or not as it also is about .44%.
Luckily the 403b fees are cheaper at .2%. But I have asked her to focus on the 457 as it creates so many opportunities for us...she can stay home if we have a baby....goto school....payoff a house...or fund early retirement!
That being said I was pretty surprised when I looked at her statements and saw the fees adding up as I was very deliberate in picking vanguard funds for her and never saw any management fee mentioned.
Help anyone? Are the awesome powers of the 457 worth a .5% fee? And if so...would you leave an old one hanging around or would you liquidate or roll into an IRA asap? Again, hate to do it as I love the 457 rules(and you lose them if you roll to IRA).