Well, we just got back. I think I can say it went successfully. I have a list (81 pages!!!) of all the funds that are available under the current safe harbor plan. I can choose from these and start the process of getting some of them added to our plan selection, as long as they pass some type of 3rd party test or something. I forgot what he said, something along the lines of compliance to new regulations.
So, anyone want to help me weed through? For instance, anyone know of any funds from these offerings that mimic an Index fund? The EJ rep initially limited the conversation to adding some American Funds (expense ratios of roughly .5%) or T. Rowe Price
The main fund families are:
AllianceBernstein
American Funds
BlackRock
Calvert Investments
Columbia
Federated
Fidelity (they are all under the Fidelity Advisor, Asset Manager or Freedom label)
Franklin Templeton
Goldman Sachs
Hartford
Invesco
Ivy Funds
Janus Henderson
John Hancock
JPMorgan
LeggMason
MFS
Oppenheimer
PGIM
PIMCO
Putnam
T. Rowe Price
Thornburg
TIAA
Whew! None of the recommended funds from the Three Fund Portfolio link are available, at least according to their ticker.
The advisor really tried to push how great actively managed funds are compared to the S&P 500/Index Funds. I just kept repeating, albeit in different ways, that I was just interested in adding more low cost options to our selection, that low E/R fees were a MAJOR consideration for us.
On another positive note, I did learn that the front loaded fees are currently being waived on the Lord Abbott funds, but I don't have any paperwork to that effect and will need to call our record keeping company tomorrow to follow up and confirm.