How much is your guys’ fees for your 401k?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Topic Author
PersianRugs
Posts: 16
Joined: Thu Apr 11, 2019 1:46 pm

How much is your guys’ fees for your 401k?

Post by PersianRugs »

I’m not talking expense ratio for funds, just how much you pay per month/year for your 401k account.

Mine is $1.50 a month, not sure if that’s cheep or expensive or pretty normal. It doesn’t really sound expensive
Last edited by PersianRugs on Wed Jun 12, 2019 6:37 pm, edited 1 time in total.
life in slices
Posts: 123
Joined: Mon Apr 15, 2019 6:00 pm

Re: How much is your guys’ fees for your 401k?

Post by life in slices »

PersianRugs wrote: Wed Jun 12, 2019 6:35 pm I’m not talking expense ratio for funds, just how much you pay per month/year for your 401k account.

Mine is $2.50 a month, not sure if that’s cheep or expensive or pretty normal. It doesn’t really sound expensive
$56/year paid quarterly at Fidelity
Mr.Mosfet
Posts: 18
Joined: Fri Jul 24, 2015 11:14 pm

Re: How much is your guys’ fees for your 401k?

Post by Mr.Mosfet »

$140/year, pay $35/quarter.
fz583
Posts: 61
Joined: Thu Jan 14, 2016 2:50 pm

Re: How much is your guys’ fees for your 401k?

Post by fz583 »

Paid over $700 last year, and it makes me mad every time I think about it, and this year it will be more, and more and more. I work for a small company of about 50 people, 38 are active in the 401, ADP is the 401 provider, we have 4 Mil in assets currently, and ADP uses an advisor as the middle man, the plan is charged .80% AUM last I was told by the advisor, my 401 is in a Vanguard target 2040. As bad as the fee is it used to be much worse with Great West Financial.
Last edited by fz583 on Thu Jun 13, 2019 5:50 pm, edited 2 times in total.
TropikThunder
Posts: 2545
Joined: Sun Apr 03, 2016 5:41 pm

Re: How much is your guys’ fees for your 401k?

Post by TropikThunder »

$0 paid by me, at TIAA.
techlion
Posts: 30
Joined: Wed Jul 22, 2015 6:52 pm

Re: How much is your guys’ fees for your 401k?

Post by techlion »

$21/year paid quarterly
stocknoob4111
Posts: 1519
Joined: Sun Jan 07, 2018 12:52 pm

Re: How much is your guys’ fees for your 401k?

Post by stocknoob4111 »

.15% per year, paid quarterly
youngpleb
Posts: 320
Joined: Mon Oct 16, 2017 7:06 pm

Re: How much is your guys’ fees for your 401k?

Post by youngpleb »

I have 3 funds that I am invested in in my 401k, and I pay $60/year split up quarterly.

Not sure if it's $20 per fund or just $60 no matter what.
SweetAeromotion
Posts: 47
Joined: Mon Feb 25, 2019 7:58 pm

Re: How much is your guys’ fees for your 401k?

Post by SweetAeromotion »

$27/year. Actual bleed is $6.75 per quarter.
livesoft
Posts: 73380
Joined: Thu Mar 01, 2007 8:00 pm

Re: How much is your guys’ fees for your 401k?

Post by livesoft »

$0.00 for me. I have a solo 401(k) at TDAmeritrade.

$0.00 for my spouse with a company 401(k) custodianed at TDAmeritrade with lots of Vanguard and DFA funds.
Wiki This signature message sponsored by sscritic: Learn to fish.
User avatar
anon_investor
Posts: 3565
Joined: Mon Jun 03, 2019 1:43 pm

Re: How much is your guys’ fees for your 401k?

Post by anon_investor »

fz583 wrote: Wed Jun 12, 2019 6:42 pm Paid over $700 last year, and it makes me mad every time I think about it, and this year it will be more, and more and more. I work for a small company of about 50 people, 38 are active in the 401, ADP is the 401 provider, we have 4 Mil in assets currently, and ADP uses an advisor as the middle man, the plan is charged .87% AUM last I was told by the advisor, my 401 is in a Vanguard target 2040. As bad as the fee is it used to be much worse with Great West Financial.
Wow that makes me mad just thinking someone has to pay those outrageous fees!

Sounds like I am lucky that I pay less than $3/mo for my current employer 401k... and that they have some good index fund options for 3 basis points or less.
User avatar
willthrill81
Posts: 21007
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: How much is your guys’ fees for your 401k?

Post by willthrill81 »

TropikThunder wrote: Wed Jun 12, 2019 6:44 pm $0 paid by me, at TIAA.
Ditto.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
lakpr
Posts: 6072
Joined: Fri Mar 18, 2011 9:59 am

Re: How much is your guys’ fees for your 401k?

Post by lakpr »

$15 per quarter per participant if the 401k balances are greater than or equal to $25k; $25 per quarter otherwise. Levied quarterly. Incentive to max out the 401k contribution I suppose ;)
User avatar
AerialWombat
Posts: 1798
Joined: Tue May 29, 2018 1:07 pm
Location: Cash Canyon / Cashville

Re: How much is your guys’ fees for your 401k?

Post by AerialWombat »

Zero for solo 401k at e*Trade.
life in slices
Posts: 123
Joined: Mon Apr 15, 2019 6:00 pm

Re: How much is your guys’ fees for your 401k?

Post by life in slices »

fz583 wrote: Wed Jun 12, 2019 6:42 pm Paid over $700 last year, and it makes me mad every time I think about it, and this year it will be more, and more and more. I work for a small company of about 50 people, 38 are active in the 401, ADP is the 401 provider, we have 4 Mil in assets currently, and ADP uses an advisor as the middle man, the plan is charged .87% AUM last I was told by the advisor, my 401 is in a Vanguard target 2040. As bad as the fee is it used to be much worse with Great West Financial.
We had Great West when my company was smaller with its first 401k plan - it was terrible

Sorry to hear about your fees; hopefully as the company grows you will have better options
Daryl
Posts: 613
Joined: Thu May 22, 2008 9:34 am
Location: Malvern, PA (I like to sleep near my money!)

Re: How much is your guys’ fees for your 401k?

Post by Daryl »

Megacorp pays the fees. Funds offered include a couple institutional class Vanguard funds (S&P 500 / Total Bond)
DoctorPhysics
Posts: 153
Joined: Sun Jun 07, 2015 12:50 pm

Re: How much is your guys’ fees for your 401k?

Post by DoctorPhysics »

$100/year by Fidelity. I honestly don’t think it’s right because they already steer us towards Fidelity funds in the 401k. Feels like double dipping.
User avatar
Wiggums
Posts: 2935
Joined: Thu Jan 31, 2019 8:02 am

Re: How much is your guys’ fees for your 401k?

Post by Wiggums »

Was $0 Prior to 2009 and then $75/year for past 10 years
HawkeyePierce
Posts: 1494
Joined: Tue Mar 05, 2019 10:29 pm
Location: Colorado

Re: How much is your guys’ fees for your 401k?

Post by HawkeyePierce »

$0. 401k is at Vanguard and includes institutional share classes of the S&P500, extended market and total international funds.

AFAIK our plan doesn't charge a fee if you leave money in your 401k after leaving the job.
User avatar
Pete12
Posts: 372
Joined: Tue Jun 28, 2016 3:17 pm

Re: How much is your guys’ fees for your 401k?

Post by Pete12 »

$0 at Fidelity for solo 401k
HomeStretch
Posts: 4999
Joined: Thu Dec 27, 2018 3:06 pm

Re: How much is your guys’ fees for your 401k?

Post by HomeStretch »

Former employer 401(k) fees are $22/quarter regardless of account balance.

Current (small) employer’s 401(k) adds 0.5% for admin fees to investment funds’ ERs.
ExitStageLeft
Posts: 1939
Joined: Sat Jan 20, 2018 4:02 pm

Re: How much is your guys’ fees for your 401k?

Post by ExitStageLeft »

$0 for me, wife's 457(b) is 0.17%.
User avatar
KSOC
Posts: 472
Joined: Sat Oct 29, 2016 3:53 pm
Location: Central Pennsylvania

Re: How much is your guys’ fees for your 401k?

Post by KSOC »

Mega @ Prudential. $52 per year. Institutional ER's on Vanguard funds so that's ok.
I'm just sitting here watching the wheels go round and round. | Nobody told me there'd be days like these.
dbr
Posts: 33842
Joined: Sun Mar 04, 2007 9:50 am

Re: How much is your guys’ fees for your 401k?

Post by dbr »

Zero at Megacorp.
User avatar
Stinky
Posts: 5599
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: How much is your guys’ fees for your 401k?

Post by Stinky »

Zero. I was on the company’s Retirement Committee, and company decided to pay full cost to incent participation.
It's a GREAT day to be alive - Travis Tritt
Vanguard Fan 1367
Posts: 1819
Joined: Wed Feb 08, 2017 3:09 pm

Re: How much is your guys’ fees for your 401k?

Post by Vanguard Fan 1367 »

I pay 12 dollars a year. The best fund I have access too has an ER of .65% so that is how they pay the bills with my account.
Upton Sinclair: "It is difficult to get a man to understand something when his salary depends on his not understanding it."
User avatar
jhfenton
Posts: 4661
Joined: Sat Feb 07, 2015 11:17 am
Location: Ohio

Re: How much is your guys’ fees for your 401k?

Post by jhfenton »

I work for a mini-megacorp (S&P 600 company). Mine is $0 per year at Fidelity with a mix of Vanguard and Fidelity Index Funds, Vanguard Target Retirement Funds, a handful of old-school active funds, and one DFA fund (Small Cap).

My wife's is something like 0.169% per year (variable) at Empower Retirement with a similar, but slightly varied lineup of funds, including one DFA fund (Small Cap Value). I find the quarterly fee deductions annoying, but it won't stop us from maxing it out this year. But next year, when we both turn 50, we'll almost certainly be unable to max out two 401(k)s, two Roth IRAs, and an HSA. So we'll max out my 401(k), the Roth IRAs, the HSA, and let whatever shortfall we have come in my wife's 401(k), since it's the only account with extra fees.
Aku09
Posts: 64
Joined: Wed Jan 09, 2019 11:29 am

Re: How much is your guys’ fees for your 401k?

Post by Aku09 »

I pay 0.6% (outrageous I know). Small independent healthcare group of less than 20 employees although we all are high earners (>100k). Divided quarterly as 0.15% balance. We use Empower Retirement.
DA200
Posts: 219
Joined: Fri Feb 06, 2015 3:47 pm

Re: How much is your guys’ fees for your 401k?

Post by DA200 »

My spouse pays 1.0% in fees ($1,500 per year and going up as she continues to contribute). Small 25 person medical practice with a crappy 401k. She will be rolling to an IRA at Vanguard after retirement!
User avatar
LadyGeek
Site Admin
Posts: 66510
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: How much is your guys’ fees for your 401k?

Post by LadyGeek »

This thread is now in the Personal Finance (Not Investing) forum (401(k) fees).

$30 / quarter, no AUM (Assets Under Management) fees.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
User avatar
Blackwood
Posts: 158
Joined: Mon Nov 05, 2007 7:26 pm
Location: Atlanta, USA

Re: How much is your guys’ fees for your 401k?

Post by Blackwood »

I'm retired now and have rolled my 401(k) into and IRA. When I was working, I was lucky enough to have a 401(k) where all fees (except the published expense ratio for mutual funds and any brokerage trading fees of course) were paid by my employer (mid-sized company with a few thousand employees).
mpsz
Posts: 418
Joined: Sat Jan 09, 2016 7:11 pm

Re: How much is your guys’ fees for your 401k?

Post by mpsz »

$0 or 0.25% annually (charged monthly). Seems like they switch between charging a fee or not a few times a year, I don't get it.
limeyx
Posts: 308
Joined: Wed Sep 07, 2016 5:34 pm

Re: How much is your guys’ fees for your 401k?

Post by limeyx »

0.75% :(
sawhorse
Posts: 3568
Joined: Sun Mar 01, 2015 7:05 pm

Re: How much is your guys’ fees for your 401k?

Post by sawhorse »

anon_investor wrote: Wed Jun 12, 2019 7:03 pm
fz583 wrote: Wed Jun 12, 2019 6:42 pm Paid over $700 last year, and it makes me mad every time I think about it, and this year it will be more, and more and more. I work for a small company of about 50 people, 38 are active in the 401, ADP is the 401 provider, we have 4 Mil in assets currently, and ADP uses an advisor as the middle man, the plan is charged .87% AUM last I was told by the advisor, my 401 is in a Vanguard target 2040. As bad as the fee is it used to be much worse with Great West Financial.
Wow that makes me mad just thinking someone has to pay those outrageous fees!

Sounds like I am lucky that I pay less than $3/mo for my current employer 401k... and that they have some good index fund options for 3 basis points or less.
My husband works for a very small company, and their 401k is also through ADP. The unfortunate truth is that small employers don't have the options that large employers do. Vanguard wouldn't even offer my husband's company a plan when they inquired a few years ago because they were so small. They also don't have the bargaining power to bargain for lower cost options.

But mainly what's going on is that the employer is passing the cost of administering the plan onto the employees. And since there are few participants, the cost per participant is larger. This can happen with larger employers too though not as commonly
When you see an S&P index fund with a fee of 0.80%, you can be sure that the company is passing administrative costs onto the employees.

My husband also gets no match, again not uncommon at small employers.

But at least they offer a plan. Many companies their size do not, and his company didn't until a few years ago.
User avatar
FrugalProfessor
Posts: 290
Joined: Thu May 25, 2017 11:34 am
Contact:

Re: How much is your guys’ fees for your 401k?

Post by FrugalProfessor »

Workplace sponsored Fidelity 401a, 403b, & 457.

$0 in fees, but they've actually reimbursed me $68 YTD in "revenue credits".

0.015% ER total domestic (FSKAX) and 0.06% ER total international (FTIHX).

$0 fee individual HSA at Fidelity. 0% ER funds there.

Not a bad setup.
I blog. Taxes are the lowest hanging source of alpha. I eat tax alpha for breakfast.
YoungBogle
Posts: 108
Joined: Thu Nov 08, 2018 10:04 pm

Re: How much is your guys’ fees for your 401k?

Post by YoungBogle »

$5.50/quarter at T Rowe
User avatar
gr7070
Posts: 1479
Joined: Fri Oct 28, 2011 10:39 am

Re: How much is your guys’ fees for your 401k?

Post by gr7070 »

Max of $3.50 about per month for each 401k and 457.
smectym
Posts: 845
Joined: Thu May 26, 2011 5:07 pm

Re: How much is your guys’ fees for your 401k?

Post by smectym »

Well it’s IRA converted from 401(k) and all we pay is the ER, so if you’re excluding ER we pay zero. The ER is about 0.09%
katnok
Posts: 171
Joined: Fri Nov 11, 2011 8:36 pm

Re: How much is your guys’ fees for your 401k?

Post by katnok »

0.8%/year of AUM. This year, I will be paying about $2400.
jharkin
Posts: 2596
Joined: Mon Mar 28, 2016 7:14 am
Location: Boston suburbs

Re: How much is your guys’ fees for your 401k?

Post by jharkin »

My plan has a $110/yr participant fee, paid quarterly.

I keep all my investments in the plan in Vanguard institutional class shares which have very low ERs (i.e. VINIX at 0.035%) , but there are some high cost active fund options.

Overall the expenses are so low as not to bother me and absolutely worth it to capture the companies generous full 6% match and mega backdoor option.


For actionable purposes of comparison to other posters responses, this plan is Schwab administered for a midcap privately held tech employer. The plan manages somewhere around 700MM in employee assets.
dsmil
Posts: 733
Joined: Tue Sep 08, 2009 10:51 am

Re: How much is your guys’ fees for your 401k?

Post by dsmil »

No fees other than expense ratios. Our lowest expense ratio is .52% on a S&P 500 fund.
dalbright
Posts: 227
Joined: Sun Oct 21, 2018 6:23 am

Re: How much is your guys’ fees for your 401k?

Post by dalbright »

Was 0, for a year, then went up to 100/yr this year with fidelity.
aclindsa
Posts: 1
Joined: Thu Jun 13, 2019 8:20 am

Re: How much is your guys’ fees for your 401k?

Post by aclindsa »

Mine (Principal) charges 0.37% of the account balance each year.
User avatar
CyclingDuo
Posts: 3685
Joined: Fri Jan 06, 2017 9:07 am

Re: How much is your guys’ fees for your 401k?

Post by CyclingDuo »

PersianRugs wrote: Wed Jun 12, 2019 6:35 pm I’m not talking expense ratio for funds, just how much you pay per month/year for your 401k account.

Mine is $1.50 a month, not sure if that’s cheep or expensive or pretty normal. It doesn’t really sound expensive
$1.50 a month is not bad at all.

We pay...

$40 a year for one 401k
$0 a year for one 403b (employer covers the annual charge)
$.18% wrap fee for one 403b
$.18% wrap fee for one 457b
"Save like a pessimist, invest like an optimist." - Morgan Housel
User avatar
mmmodem
Posts: 2280
Joined: Thu May 20, 2010 1:22 pm

Re: How much is your guys’ fees for your 401k?

Post by mmmodem »

Current 401k: $4/mon or $48/yr
Previous 401k: $15/qtr or $60/yr
Previous previous 401k: $0

I was complaining loud about my previous employer 401k fees but I guess judging from this sample size, it was mid pack.
User avatar
goingup
Posts: 3910
Joined: Tue Jan 26, 2010 1:02 pm

Re: How much is your guys’ fees for your 401k?

Post by goingup »

The plan administration fee for my SO's 401K was .135% of assets. That worked out to be about $815 last year.
deltaneutral83
Posts: 1704
Joined: Tue Mar 07, 2017 4:25 pm

Re: How much is your guys’ fees for your 401k?

Post by deltaneutral83 »

Came out to about 43bps AUM for me (custodian charges tiered AUM based on total held by company); plus $75. Plenty of index funds offered at less than 5 bps on the ER side of things.
MotoTrojan
Posts: 10662
Joined: Wed Feb 01, 2017 8:39 pm

Re: How much is your guys’ fees for your 401k?

Post by MotoTrojan »

$0. Guideline. Fairly certain the company only pays $96/employee-year + $500. Small company.
doug1022
Posts: 63
Joined: Sat Jan 24, 2015 12:44 pm
Location: Suburban Boston

Re: How much is your guys’ fees for your 401k?

Post by doug1022 »

I'm impressed so many know the answer to this question. How would one find the answer to this question? I have a 401k through Fidelity, and have perused through the plan documents in the past, but it's not clear to me where this would be spelled out.
lscntr51
Posts: 15
Joined: Fri Aug 28, 2015 11:07 am

Re: How much is your guys’ fees for your 401k?

Post by lscntr51 »

My wife and I both work for a public school system here in metro Atlanta and we pay 0.21% on the managed assets. That is paid quarterly. The best fund option is VINIX (0.035% expense ratio), so we only contribute to that fund in our 403B's.
Post Reply