401k FEES

[blackjack]

how are my fees for my roth 401k?

03/26/2015   ROTH 401(K)   BOND MARKET INDEX FUND   0.0094   $24.469490   $0.23   
03/26/2015   ROTH 401(K)   S&P 500 EQUITY INDEX FUND   0.0062   $98.752949   $0.61   
03/26/2015   ROTH 401(K)   S&P 400 MIDCAP INDEX FUND   0.0056   $71.822329   $0.40   
03/26/2015   ROTH 401(K)   RUSSELL 2000 INDEX FUND   0.0070   $57.034825   $0.40   
03/26/2015   ROTH 401(K)   INTERNATIONAL INDEX FUND   0.0231   $13.826151   $0.32   
Export Data      Total:     $1.96

[Mississippi Mudstache]

Those aren't percentages, are they? No way you have a 0.006% fee on the S&P 500, so it must be 0.6%, right? In which case, the fees are high, but not obscenely high.

[blackjack]

for s&p500
Investment Fee Custody Fee

1 bps 0.28 bps

[seattlecyclone]

Is this a periodic account maintenance fee? My 401(k) charges something like $5/quarter to cover administrative expenses. The expense ratios for the funds are taken out behind the scenes and don't result in any transactions that are visible to me.

I would say a $1.96 fee for plan expenses is perfectly reasonable as long as you are invested in some low-cost index funds.

[forummm]

Yeah, you're being charged more than this behind the scenes. You'd want to know what your expense ratio was for the underlying funds.

[blackjack]

From what others told me, I thought we have very low fees for our 401k... but i could be wrong

[forummm]

From what others told me, I thought we have very low fees for our 401k... but i could be wrong

You could be right. We aren't saying your funds are expensive--just that you don't actually know what they are costing you. You could due more research to find out for sure.

[blackjack]

Thanks.. I'm trying to figure it out all..

as of now i just basically did a little research and save as much as i can,, still got a lot to learn