I was astounded. Especially by my old 403b and the HSA! I honestly didn't even think that 0.02% was possible.
So I had always intended on transferring my old 403b into my new 403b so that everything would be at Vanguard and I wouldn't have to log into JPMorgan when looking at my accounts and figuring out my allocation, but now I'm not so sure. Is it worth it to take my Total US Stock at 0.02% and turn it into Total US Stock at 0.18%? I thought I would do it for sure, but now I'm having second thoughts. Even the 0.18% is so low, though, maybe I'm just kidding myself?
And on another note, I read so many threads about people who have terrible 401k and 403b fund options, and I feel so very lucky that I am able to say that 0.22% is my highest fee. I wish everyone's company provided such great low cost options.
So would you guys switch your fund over to Vanguard if you were in my shoes? Or just let it hang out at JPMorgan for the next thirty years?
(FYI "Her Bonds" is at zero because I just changed my contribution today to add it in next paycheck. That's what prompted me to look everything up. I'm trying to get bonds back up before they get off by more than 5%. This damn up market is making it tough! )
Morningstar Overall Rating:
Total Assets: 23.73B
Category: Large Blend
Annual Report Expense Ratio (net): 0.02%
Which is the same as I get on the JPMorgan website.
When I look it up on Vanguard.com I get the same thing:
Asset class Domestic Stock - General
Category Large Blend
Expense ratio as of 01/15/2013 0.02%
Is this what you meant? I may have misunderstood the question?
ETA: Nope - misunderstood the question. Just googled "NAV." I'll work on that...
NAV (2013-01-25) $ 34.15
From Vanguard website:
Doesn't use the word "NAV" but I think it's the same thing:
Price as of 01/25/2013 $34.15
You still need to investigate what total costs you will have at JPM. At least there must be trading costs if you want to buy or sell?
VTSAX (Admiral shares of Total Stock Market) has an ER of .05.06 in a Vanguard account. You need $10K for admiral shares.
Upon further digging, Morningstar says "Net Expense Ratio: Annual Report 12/31/2011 .05" but "Net Expense Ratio: Prospectus 04/26/2012 .06"
I wonder why Morningstar isn't current on this?
It is very rare for a 403b fund to have lower TOTAL cost than the same directly held fund with Vanguard. What about the 403b administration costs which are usually more than a low Expense Ratio? Of course, it is possible that the employer is underwriting the administration costs.
A good way to check is to compare a fund's annual return in the 403b with the same Vanguard fund. Vanguard fund annual returns are available on their website and on Morningstar's website.
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