Re: Started my first 401(k)
401K providers get compensated in a variety of ways. They either get paid an administration fee from the company sponsoring or the individuals, through 12b-1 fees or if it is hosted by a fund company they throw in the administration from using their funds. The insurance companies are the worst since they throw you into their own funds, and charge you an administration fee and sometimes those funds have 12b-1 fees. Many times its the provider taking advantage of the company that doesnt know any better.
Either way I think its wonderful that you have started your 401K. Keep up the match and it will grow slow but sure. I have discovered with me for every dollar I put in my 401k it only reduced my take home by 50 cents since no taxes are taken out. Keep it up!
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