My employer matches 401k contributions 1:1 up to 4% of my salary. This is good.
My employer runs their 401k through American Funds. They charge between 1.2% and 1.4%. This really sucks.
Short of begging them to switch to Vanguard or someone else with better fees, is there any way I can move the money from the American Funds account into a different 401k account with lower fees? I'm not even sure if I can independently set up a 401k account.
Thanks for the insight.
Submitted July 03, 2021 at 11:39PM by Sebu91 https://ift.tt/2V19EIR
