synergy wrote:The OPs question about ING made me curious about the ING plan. For CT, the TIPs fund is valued at 10.94 a share today, the same as on the Vanguard site for Investor, Admiral or ETF. The ER is .21 when all the fees are added together. This is .01 less than the Investor fee at Vanguard and .1 more that the ETF and Admiral fees. ING then adds a small fee to administrate the plan for the State. While not as good as investing directly with Vanguard, not a bad plan as far as I can tell.
EarlyBird901 wrote:Thanks everyone for your evaluation, including Madd Hatter for your recent response.
The plan administrator charges approximately $30/yr for plan management, but common sense tells me that if ING charged nothing in excess of Vanguard's fees, then they would soon be out of business.
It still seems odd that ING lists a unit value for Vanguard TR2030 (VTHRX) of, say, $9.9119/share when the Vanguard lists the unit value as $20.68/share.
If there were no advantage to ING, it would seem to be a lot simpler for them to just pass on the Vanguard funds are they are without alteration and absence of dividends.
dbr wrote:In what form do you see the dividends? Are they automatically reinvested, deposited to a cash fund, or do you elect a choice?
synergy wrote:dbr wrote:In what form do you see the dividends? Are they automatically reinvested, deposited to a cash fund, or do you elect a choice?
I went on line to check transactions to Total Bond Institutional Fund and on a monthly basis there is a deposit called Investment Earnings. Also, there is a monthly deduction called Fees. All transactions are handled in terms of shares and the NAV is the same as the market listing.
Caution, this only applies to the ING product for State of Ct employees. Other plans may vary in how they handle 403 plans.
shepherd wrote:I would check your account statements very closely as my experience has been if you can't track back to a ticker, something is being hidden.
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