401k Account Management Fees

[Herr Kutz]

Are account management fees for 401ks usually charged in addition to fund fees?

I.E.
If the account management fee is 0.7%/yr, and they for some reason invested all of my money in a fund with 0.5%/yr investment expense, is the total expense 1.2%/yr or do account management fees take the fund expense ratios into account and my total expense is 0.7%/yr?

I tried calling the financial company to ask, but when you call their help number it asks for a SSN and I'm not even a member yet wtf.

Trying to decide if I should get a managed account or put it all on black.

 

[Cuda1447]

Yes. Ideally, you should look at the entire funds expense ratio. That allows you to compare apples to apples across products.

 

[kranky]

From the way you described it, I would expect to get charged 1.2% a year. Is a "managed account" an option in your 401k plan? IOW can you participate in the 401k without having the 0.7% management fee?

 

[rcpratt]

I don't know why anyone would pay to have their 401k managed. 0.7% is going to cost hundreds of thousands over a career.