I'm curious about fees for my deferred comp plan at work 457 plan. I'm matched $100 dollars a month right now which I put in $100. I invest in BKTSX which is a total stock market index fund with a low ER. My question is over the DEferred comp plan fees. I took this from their website:
There are different types of fees for your 457(b) Plan account. They are:
Investment Operating Expenses (which will vary by investment option)
Redemption fees on certain transfers, redemptions or exchanges, which may be imposed by the fund
Optional Service Fees
The Plan will assess an administrative fee, based on the following schedule, which will be assessed quarterly and will be disclosed on the Transaction Detail section of your quarterly statement under the Withdrawals/Expenses heading.
The annual fee is 0.18% of the first $50,000 in your account, with a minimum fee of $10 per year and a maximum of $90. Every quarter, all participants will be assessed $2.50 up to a balance of $5,555.56, with 0.045% charged on balances from $5,555.57 up to $50,000.
The minimum quarterly fee is $2.50; the maximum is $22.50. If your balance exceeds $50,000, you are charged the maximum fee of $90 per year, or $22.50 per quarter, but you will pay nothing on the balance of $50,000.01 and above.
For a $10,000 balance:
You'll be charged $2.50 every quarter on the balances up to $5,555.56. The remaining $4,444.44 will be charged a fee of 0.045%, or $2 ($4,444.44 x 0.00045 = $2).
The total charged on the $10,000 balance will be $4.50 per quarter.
For a $100,000 balance:
You'll be charged $2.50 every quarter on the balances up to $5,555.56. Additionally, $44,444.44 will be charged a fee of 0.045%, or $20 ($44,444.44 x 0.00045 = $20). There is no fee for the portion of the balance above $50,000.
The total charged on the $100,000 balance will be $22.50 per quarter.
Does that seem like a heavy fee to you guys? This is not including my ER. I'm just curious what you think. Is it worth it to invest anymore into my 457 plan other than the match?