My IRAs are in Vanguard's Wellington (VWELX) and Wellesley (VWINX), and up until now my Fidelity-held 401(k) has been in Spartan 500 (FXSIX [like FUSEX?]) largely because it's the lowest-expense fund available in my 401(k). As of now I adjust my Vanguard asset allocation to offset my rise and fall in my all-stock 401(k) to maintain my overall asset allocation target.
But of course my 401(k) keeps growing, so I'm looking into Wellington-like funds available to me at Fidelity to avoid the manual AA adjustments. Puritan (FPURX) seems a likely candidate, but I am confused as to what my expenses are.
I'm mildly confused about the expense ratios being listed as 0.60% or 0.59% "after reductions", but what really concerns me is a separate listing of "management fee" of 0.41%. I don't see this fee on Morningstar FPURX
or this Fidelity FPURX page
, but it is listed (screenshot snippet attached) when I'm logged into 401k.com and looking at my investment options.
Is this management fee included in the expense ratio, or is it in addition to the expense ratio?
If it's in addition, is it Fidelity charging me the fee or my company's 401(k) plan doing so?
I might talk myself into 0.6%, but if Puritan will cost me 1% I think I'll keep rebalancing manually.