Quote:
Originally Posted by cooliemae
The only expense I have, though I really don't tangibly see it, is the 0.05% expense ratio.
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If it's really expense ratio you're talking about, my only guess is that your 401k plan uses all Institutional class funds or that you're a FED employee. I heard that federal employees have dirt cheap funds.
If my aforementioned statements don't fit your profile, then my guess is that you're talking about admin expense.
E.g. I pay nothing for my 401k administering. My co. picks the tab, but my DH 401k has admin exp. He's got mostly Vanguard funds in it: some Investor, some Admiral and a couple of Institutional class funds.
As regards to the expense ratio, that kind of exp. is in a NAV. At the end of a trading day, that expense is deducted from your fund for all its shareholders before calculating the NAV, so you never see it.