Comments on: Companies Dropping Funds From 401(k)s and What Mine Offers

By: JP

JP — Thu, 19 Oct 2006 20:59:43 +0000

0.37% to 1.5%… NICE !! I wanted international exposure and it’s costing me 1.32%. I need to rethink my 401k allocation yet again. I have a mutual fund and Roth IRA account with T.rowe price so I may need to move my international exposure there.

By: Flexo

Flexo — Thu, 19 Oct 2006 20:40:59 +0000

JP: The RE fund management fee wasn’t really “announced,” it was hidden in the quarterly performance update that is only available online and rarely checked by anyone, including me.

By: JP

JP — Thu, 19 Oct 2006 20:36:11 +0000

Thanks for the 1.5% tip on the realestate fund.. I guess I need to go back to the stock index fund.

By: JP

JP — Thu, 19 Oct 2006 19:06:14 +0000

I guess we work for the same company and no I’m not happy with our line up. The expense ratios on some of these funds are ridiculous. 3 of the funds don’t even disclose the ratio so who knows how much they’re taking off the top. Don’t worry Flexo, your secret is safe with me…

By: kurt

kurt — Wed, 18 Oct 2006 17:40:59 +0000

Flexo, please send me an e-mail. Need to tell you something.

Thanks.

By: Foobarista

Foobarista — Wed, 18 Oct 2006 17:36:22 +0000

This is why I wish company 401Ks were organized like self-employed 401Ks: _you_ manage your 401K account and the company just direct deposit the money into a brokerage fund that you open. When you join a company, you give them your routing number, and funding your 401K would be just like funding your paycheck with direct deposit. Matching and “vesting” would be a bit more tricky, but could be worked out.

The current scheme is silly.