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Asked 3/12/2009
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Is it typical to charge the fees? Is it "normal" for the employee to be charged for maintenance of the 401K? I've participated in 3 401K's, and this is a first! |
Answer 1/2 - Submitted 3/12/2009
Answer 2/2 - Submitted 3/13/2009
It is up to the plan sponsor when they set up the account. Some employers bear the cost, some pass it on to employee, The ones I deal with are usually minimal... $25 - $150 annually which is charged monthly, spread out over the investments they have--- so yes it is not abnormal and you can check the SPD (summary plan document) this will educate you on all fees...
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