I'm trying to calculate the average fees on this security benefit 403b plan. The advisor charges 1% (required). I can average all the ERs. But, what are these asset based charges and how can I calculate the average fee? BTW, I'm just trying to show a board member how expensive this product is.
Thanks!
https://www.securitybenefit.com/perform ... -non-erisa
Account Charges - Options 1, 2, 12, 13, 14, 30, 31, 32, 33, 34, 43 and 46: Asset Based Account Fee: 1.00%. Options 3, 4, 5, 15, 16, 17, 35, 44 and 47: Asset Based Account Fee: 0.85%. Options 6, 7, 18, 19, 20, 36, 45 and 49: Asset Based Account Fee: 0.75%. Options 8, 9, 21, 22, and 23: Asset Based Account Fee: 0.65%. Options 10, 11, 24, 25, and 26: Asset Based Account Fee: 0.50%. Options 27, 28 and 29: Asset Based Account Fee: 0.35%. Administration fees of $0 to $40 may apply. (A Contingent Deferred Sales Charge may apply. Please contact your financial representative for details).
Thanks!
https://www.securitybenefit.com/perform ... -non-erisa
Account Charges - Options 1, 2, 12, 13, 14, 30, 31, 32, 33, 34, 43 and 46: Asset Based Account Fee: 1.00%. Options 3, 4, 5, 15, 16, 17, 35, 44 and 47: Asset Based Account Fee: 0.85%. Options 6, 7, 18, 19, 20, 36, 45 and 49: Asset Based Account Fee: 0.75%. Options 8, 9, 21, 22, and 23: Asset Based Account Fee: 0.65%. Options 10, 11, 24, 25, and 26: Asset Based Account Fee: 0.50%. Options 27, 28 and 29: Asset Based Account Fee: 0.35%. Administration fees of $0 to $40 may apply. (A Contingent Deferred Sales Charge may apply. Please contact your financial representative for details).
Statistics: Posted by fortfun — Tue Dec 03, 2024 9:40 am