I can't locate the exact spot, but Brewer mentioned something about Insurance companies running 401k programs as opposed to fund companies or brokerages. It got me thinking more about how our plan is managed and how good/bad it is when it comes to expenses. I guess I can accept that there must be some cost to running a plan. ERs may have to be slightly more than for the underlying funds.
I have several questions for you:
1) Who is your plan provider?
2) What are you paying in Expenses for your S&P500 index (just so we're comparing same/same) within your 401k?
3) In your opinion, what is a reasonable ER for an index within a plan?
4) Has anyone had any luck getting an employer to switch providers? How would you go about that? I'd guess you'd have to mobilize a sizeable fraction of your coworkers.
Disclosure:
1) Securian Don't know much about this business. Certainly don't know much about this company. Appears to be held/run/part of Minnesota Life...whoever that is.
2) 0.90% - Advantus S&P500 Index - and that's the cheapest of any fund by a long shot!
3) No idea...that's why I'm askin'
4) Haven't yet tried. Like to hear your story though.
Thanks,
devo
O0
I have several questions for you:
1) Who is your plan provider?
2) What are you paying in Expenses for your S&P500 index (just so we're comparing same/same) within your 401k?
3) In your opinion, what is a reasonable ER for an index within a plan?
4) Has anyone had any luck getting an employer to switch providers? How would you go about that? I'd guess you'd have to mobilize a sizeable fraction of your coworkers.
Disclosure:
1) Securian Don't know much about this business. Certainly don't know much about this company. Appears to be held/run/part of Minnesota Life...whoever that is.
2) 0.90% - Advantus S&P500 Index - and that's the cheapest of any fund by a long shot!
3) No idea...that's why I'm askin'
4) Haven't yet tried. Like to hear your story though.
Thanks,
devo
O0