The complex sets of chemicals in the brain are designed to process incoming information and create a response. All of these processes happen extremely quickly in the brain. And, though the effects of chemical imbalance may lead to undue stress, nervousness and worry, they are an important part of being human.
A study by the Investment Company Institute gives some solid guidelines as to what fees are reasonable in a 401k plan on a relative basis. The study found that the average fee for all-in 401k services (recordkeeping, administration & investment management) averaged 0.72% of assets.mployers and participants alike are often left wondering what exactly they are paying in 401k fees. New rules from the Department of Labor (ERISA Section 408(b)(2)) aim to make the fees charged for 401k services more transparent in order to assure that the 401k fees charged are reasonable. But this begs the question:
I had a conversation with another Jones person about the real cost of Advisory solutions. First the client will pay 1.35% and then the average custom model has an expense of .70%. So the real cost vs return seems to be this. Clients pay about 2.05% for a product that manages money managers. We take a managed product (mutual funds) pay .70% for someone to manage our clients money. Then the client pays Edward Jones another 1.35% for them to manage the managers,....