Quote:
Originally Posted by whell
The frequency and severity that you demonstrate your lack of knowledge is truly note-worthy. Plan expenses for funds offered within employer 401(k) plans vary depending on asset class and whether or not the assets in the fund are actively or passive managed. The average is less than 1.5%.
http://fiduciarynews.com/2013/08/wha...an-should-pay/
There are also cost of running a 401(k) plan. These expenses are often paid by the employer who offers the plan, but can also be built into fund expenses in some cases for smaller plans, or the plan participants may pay some kind of account fee.
Of course, if you have documentation that supports your "95% of the gains" claim, please post it.
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401K's are not the goldmine they're made out to be by employers. Most employer contributions are peanuts. Typically the fund offerings are so limited as to be useless, and the funds that are offered have sky-high management fees.
It's often a crap way to invest.