My employer offers a self directed account within my 401k. The SDA is like a brokerage account. A maximum of 1/2 of the total value of my 401k account can be placed in the SDA. I originally enrolled in the SDA because my 401k did not offer a bond fund. I was also able to fill some domestic and international bond fund allocation of my asset alllocation through the SDA. I currently have about 30 percent of my 401k money in the SDA. I haven't added more money into the SDA for a couple of years,
Well, the employer has gone to a third party administrator for maintaining the SDA. Aon/Hewitt is the third party administrator.
I will list some of the new fees below. These fees are in addition to whatever fees are charged by the mutual funds that I purchase within the SDA. I would like to know whether I should keep my money in this SDA account or switch it over the the funds offered by my 401k. THe funds in the 401k have pretty competitive expense ratios.
Thanks for the feedback.
SDA fees:
MUTUAL FUNDS - $500 Investment Minimum
purchase $19.95
Exchange Between Funds within the SDA $10.00
Broker Assisted Fee Additional $25.00
Outgoing Transfer Fee $75
Duplicate Statement $5
quarterly maintenance fee $20
Well, the employer has gone to a third party administrator for maintaining the SDA. Aon/Hewitt is the third party administrator.
I will list some of the new fees below. These fees are in addition to whatever fees are charged by the mutual funds that I purchase within the SDA. I would like to know whether I should keep my money in this SDA account or switch it over the the funds offered by my 401k. THe funds in the 401k have pretty competitive expense ratios.
Thanks for the feedback.
SDA fees:
MUTUAL FUNDS - $500 Investment Minimum
purchase $19.95
Exchange Between Funds within the SDA $10.00
Broker Assisted Fee Additional $25.00
Outgoing Transfer Fee $75
Duplicate Statement $5
quarterly maintenance fee $20