I just changed employers and I'm looking to rollover all my funds from Fidelity to Vanguard (current company). Fidelity is telling me that my old company has a really great deal with Fidelity in which ex-employees still keeps the benefit of not paying ANY admin fees and that I should stick with them. In that fund, I'm invested in Fidelity Freedom® 2055 Fund (FDEEX), which currently has an 0.75% expense ratio.
My current company has a Vanguard plan that is invested in Vanguard Institutional Target Retirement 2055 (VIVLX). The expense ratio is 0.09%. However, there is an annual admin fee of 0.25% thats taken from me quarter.
Correct me if I'm wrong, but it looks like Vanguard's plan is better EVEN with the Admin fees (0.09 + 0.25 = 0.34%) vs. Fidelity's 0.75%. Am I missing anything in my calculation/comparison? Is there another element I should factor in?
Submitted April 28, 2018 at 05:53PM by leonthepr0fessional https://ift.tt/2vUvOj1
