Just had the 401k meeting at my new job.
He said, and I quote: "We don't believe in index funds, they are the only way to guarantee you under perform the market".
The fees on the plans are 15.00 quarterly, 25.00 annually plus a range of 1.10% to 1.71% fees&charges.
I am not participating in the plan.
Thoughts?
He said, and I quote: "We don't believe in index funds, they are the only way to guarantee you under perform the market".
The fees on the plans are 15.00 quarterly, 25.00 annually plus a range of 1.10% to 1.71% fees&charges.
I am not participating in the plan.
Thoughts?