So, I have an old 401k from when I was previously employed with GE (they call it an S&SP but it is just a 401k). I changed employers almost 4 years ago and the only thing I've done since then is check the dollar amount every once in a while. I'm trying to decide what to do with it and started looking closer at it today. Having just found this site a month ago, and voraciously reading everything about investing ever since, I now know to look for the fees charged in the funds I have my money in. A few of the funds have high fees so I'm trying to determine if I should just move my money into a target date fund they offer, a mix of low fee funds, or just move the whole darned thing into an IRA. I also have a dumb question- since I'm not adding new money, do the fees continue to be charged?
401k= $29k (no new contributions)
Currently dollars are all over the place..
$13k is in a US Large Cap Equity Index (with an insanely low 0.01% fee rating)
The rest is in a bunch of different GE specific funds (international, income, money market, GE stock, etc), some with high fees- stuff a randomly selected when I was 24 and was trying to be "diversified" as I had heard was important...
They offer a 2040 target date fund (managed by Fidelity) with 0.09% fees. There is also a small cap equity fund at 0.04% and a TIPS index at 0.03%.
I don't know whether to go for the target fund, mix the large cap/small cap/TIPS, or go to an IRA. What would an IRA advantage be besides being able to withdraw under 72(t)? HELP! :)