Every 401k contribution (2x per month) I pay almost $7 in reallocation fees (so just to invest in the fund via Principal) in the following:
83% in FXIAX for a fee around $4
Alt fund: JP Morgan Equity Income R6 fund and PGIM Jennison Growth Z fund
9% in Fidelity Small Cap for a fee around 40 cents
Alt fund: Franklin small cap value r 6, James Henderson enterprise n fund, James Henderson triton n fund
8% in Vanguard mid cap for a feee around 55 cents
They group this with small cap so same alternates
I no longer contribute to Vanguard total international but am paying around 1.90 in fees every month because I’m still invested in it.
Principal also charges $25 per quarter in addition to the fees above. Are these normal 401k fees? Anything I can or should reduce? There are many target date funds but I prefer to not hold bonds (I’m 26).
It’s hard to say if you should change without knowing what the fees would be on the other options. 3 funds is not unreasonable though. Paying fees to buy is ridiculous, but not sure there is anything you can do about that. Most 401ks will have fees of some sort, so if these fees are instead of other fees, that can be reasonable. If there are also other percentage of holding admin fees, then things start getting high. Hard to say .
What are these fees you are paying and why? Are they administration fees for the 401k which are just allocated across your balances, load fees of some sort, transaction fees, are you talking about the expense ratios?
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