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Firms will look at your $600k 401k AUM, Investor Policy Statements, and laugh you out the door. They won't care, you have no say. Your 401k plan is between them
by throwawaypath 4mo ago
Firms will look at your $600k 401k AUM, Investor Policy Statements, and laugh you out the door. They won't care, you have no say. Your 401k plan is between them and your employer.
- neogodless 4mo agoA few things: - yes 401k fund options are negotiated by people that don't know I exist, or care - but... how I allocate my contributions to those funds is under my discretion - and... I've never stayed somewhere long enough to have a $600k 401k balance. As soon as I'm gone, I roll it over to a private account that I have full control over (and much lower expense ratios.) So I don't really care if I'm in the door or laughed out the door, because it has no material affect on how I manage my finances.