top of page
Search

Are You Aware of 401k Fees?

A 401(k) is a type of retirement savings plan offered by many employers to their employees. The fees associated with a 401(k) can vary greatly depending on the specific plan and investment options offered by the employer, but here are some common types of fees:

  1. Investment management fees: These are fees charged by the fund managers for managing the investment portfolios within the 401(k) plan. These fees can range from a few basis points to several percent of the total investment.

  2. Administrative fees: These are fees charged by the 401(k) plan administrator for administrative tasks, such as maintaining records and processing contributions and distributions.

  3. Record-keeping fees: These are fees charged for maintaining and updating the records of each participant's account.

  4. Sales charges (load fees): Some mutual funds in a 401(k) plan may have sales charges, also known as load fees, which are charges to buy or sell shares in the fund.

  5. Surrender charges: Some investment options in a 401(k) plan may have surrender charges, which are fees for withdrawing your investment before a specified time period.

  6. Loan origination fees: If you take a loan from your 401(k), there may be a loan origination fee to cover administrative costs.

  7. Loan interest: If you take a loan from your 401(k), you'll have to pay interest on the loan, which can be a percentage of the amount borrowed.

It's important to review the fee disclosure provided by your 401(k) plan and to understand how fees can impact your investment returns over time. In general, lower fees are better as they allow more of your money to remain invested and compound over time.


Commentaires


Imagine Financial Group LLC, Imagine Real Estate LLC & Imagine IRA LLC (collectively referred to as “Imagine”) is a financial services marketing company offering a vast array of financial products and services. Imagine does not provide tax or legal advice. Imagine is not a licensed broker-dealer, market maker, investment advisor, or underwriter. Insurance provided through Imagine Financial Group, LLC in the states where it is licensed. In California, insurance offered through IIG Imagine Insurance Marketing (License # 6014226). Qualified Plans offered through Imagine IRA LLC. Securities and Investment Advisory Services provided through Imagine Advisors LLC (CRD#: 154494 / SEC#:801-110731). This website is not a solicitation for any securities product. If interested in a securities product, please request a prospectus and program documentation before making any investment decisions. Always consult with an attorney or licensed investment advisor before making any investment decisions.

Privacy Policy

© 2025 Imagine Financial Group, LLC

Executive World Headquarters: 8020 W. Sahara Ave, Suite 160, Las Vegas, NV  89117

Phone: 702.721.9575

  • Instagram
  • Facebook
  • X
  • LinkedIn
  • Vimeo
bottom of page