CaliJim wrote:WRT: viewtopic.php?f=10&t=120212&newpost=1760335
Do the 'company match' contributions made by employers to 401k plans make up for the generally higher expense ratios (~1.27%) associated with 401k plans?
Hmm....that sounds familiar.CaliJim wrote:Thanks for the responses. I converted my 401k in to an IRA a while back so the question is moot for me.
But once upon a time I went to my old company's HR department and asked why we didn't have better funds choices. I was told, in not so many words, "you get a generous company match, so quit [complaining]".
And when you leave your current employer, roll that 401k over into an IRA of low-cost funds of your choosing.I dunno, but I sometimes suspected that the same company that manged the 401k was also offering executive wealth management at very low cost to the senior execs. I just didn't understand the resistance to really look into the matter, but there was definitely a smoke screen in place.
I know we have had threads where bogleheads have been successful in getting their plan administrators changed to a low cost administrator... but for those of you who are not in low cost plans... my advice is .... dont' sweat it too much if you are getting a decent company match, and put your efforts into things that you can control, such as savings rate, asset allocation, and staying the course.
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