Hello everyone,
My work recently changed 401k providers. However the new provider discloses a general maintenance fee of $66 per year (or $5.50 per month) for participating in the 401k plan. Note this fee is in addition to the fees associated with whatever funds I choose within my 401k.
I would think this is fairly normal, but I don't remember our last 401k plan mentioning this, but maybe it just wasn't so publicly displayed?
Anyway, I guess my main questions are:
1. Is this fairly typical
2. Should I only contribute up to the company match, or should I max out my 401K with this charge?
I'm not quite sure the best way to figure this out.
Thanks for your help,