I have another question. When I look up the funds offered to me in my 401k, I see a discrepancy in the expense ratios on different sites. For instance, take the fund that I will most likely invest heavily in, Massachusetts Invetors Trust R2 Large Growth Fund (MITIX). My handbook says it has an Expense Ratio of 0.98% (which is .50 lower than any of the offered funds) and a "program and administrative charge" of 1.0% for a grand total of 1.98% total gross expense ratio. I'm used to looking at the espense ratios on fidelity and vanguard and this, while being significantly lower than the other options, still seems extremely high. Is there a 1% program and administrative charge on top of the Vanguard and Fidelity funds that's just not listed on their website?
Morningstar says the expense on MITIX is 0.47%, way lower than the Mass Mutual ER of 1.98%. Vanguard says .48, I don't understand why my 401k handbook says the "total gross annual expense ratio" is 1.98%.