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Old 06-27-2019, 04:08 PM
 
3,247 posts, read 844,077 times
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We have 25 fund options in our employer-provided Fidelity account. More than twice what my previous company offered.

Previous company, however, allowed up to 50% to be contributed to a "self-directed brokerage account" without penalty or fees, for trading individual stocks and non-Fidelity funds.

I suppose the advantage would be fee-free trades. The disadvantage being it was still "retirement" so not good if you wanted to cash out before 59 1/2.
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Old 06-28-2019, 08:31 AM
 
3,714 posts, read 3,117,690 times
Reputation: 7866
Questions:
1.Will any of your offerings carry front-end loads or 12b-1 fees?
2.How much, if any, are your service charges, administrative or investment fees to participants?
3.Will you be charging any investment advisory fees or account maintenance fees and, if so, how much?
4.What is the range of expense ratios of the funds you'll be offering participants?

Desirable Answers:
1. no, none - (front-end loads are unacceptable, low 12b-1 fees are OK in come circumstances)
2. none or very low fees (certainly less than .3% total, preferably much less)
3. covered above in #2
4. we offer at least one index fund option with expense ratio less than .10% (preferably several)

If the initials of the new company are EJ, they are immediately removed from consideration
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Old 06-28-2019, 06:09 PM
 
29,766 posts, read 34,851,819 times
Reputation: 11675
Quote:
Originally Posted by ddm2k View Post
We have 25 fund options in our employer-provided Fidelity account. More than twice what my previous company offered.

Previous company, however, allowed up to 50% to be contributed to a "self-directed brokerage account" without penalty or fees, for trading individual stocks and non-Fidelity funds.

I suppose the advantage would be fee-free trades. The disadvantage being it was still "retirement" so not good if you wanted to cash out before 59 1/2.
We are blessed and had multiple options including Fidelity with 192 of their funds available. What was ironic is that some of the funds included in the Fidelity Monitor/Insight model portfolios were not on the list.
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Old 06-29-2019, 05:58 AM
 
Location: Ypsilanti, MI
2,435 posts, read 3,659,178 times
Reputation: 4778
Default WARNING - Contrarian Opinion Contents!

  1. Skip focusing on their Index Fund choices. Instead focus on offering a broad array of Actively Managed Funds. With Index Funds an investor is buying the Losers as well as the Winners.. I checked the two most recent monthly reports from the No-Load Newsletter I have subscribed to for ~30 years, and there are NO Index Funds within the top 15 performing funds in either the strong month or the weak month. This newsletter tracks over 150 no-load funds in the Low Risk Stock Fund sector.
  2. Does the list of investment offerings total in the low dozens or less than ten?
  3. Make sure all funds are Retail Funds and not Institutional Funds. The Salesperson will spread the hog manure of slightly better returns by Institutional Funds. But the problem is that the performance of Institutional Funds is impossible to track for individual investors!
  4. How often can an investor exchange funds without a penalty? 15 days, 30 days, 60 days, 90 days, longer than 90 days?
  5. How often are performance reports uploaded to the 401(k) web site? Bi-monthly, Monthly, Quarterly, Semi-Annually, Annually?
  6. What is the time lag between end of reporting period and uploading of performance reports? One business day, one week, 6-weeks?
  7. Can an individual purchase a Trading License to allow them to buy any market traded investment for their account?
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