t share classes, which drain money from employees’ accounts. “In essence, the company shifts the costs of administering the plan directly to the employees,” explained Don Phillips, Managing Director of Morningstar, the Chicago-based mutual-fund research company.

If you or someone you know needs some help managing r

When it comes to your 401(k), you probably don’t think about fees. After all, your employer foots the bill, right?

Wrong. Employees typically paid mutual-fund expenses, but now more are shouldering administrative expenses, which employers used to pay.

“Fees for 401(k) plans run anywhere from 10 basis points (0.10 percent) for IBM’s plan to 300 basis points (3 percent),” says Ted Benna, who created the first 401(k) plan in 1981 and is founder of the 401(k) Association, a Pennsylvania benefits consulting firm. At a Fortune 500 corporation, your fees are likely to be lower than what you would pay if you worked for a small company; 90 percent of plans cover fewer than 100 participants.

Depending on their size, fees can determine whether your nest egg looks like an ostrich’s or a sparrow’s. Say you invest $50,000 in a plan that charges a 0.5 percent fee, and you enjoy an 8 percent annual return for 30 years. You will retire with $437,748. Pay fees of 1.5 percent and you will have $107,000 less. (Rate of return is for illustrative purposes only)

The fees are not always visible. Typically, a broker will set up a company’s plan at no charge, bundling fees for administering the account with mutual-fund expenses. The broker stuffs the plan with higher-cost share classes, which drain money from employees’ accounts. “In essence, the company shifts the costs of administering the plan directly to the employees,” explained Don Phillips, Managing Director of Morningstar, the Chicago-based mutual-fund research company.

If you or someone you know needs some help managing re

0.10 percent) for IBM’s plan to 300 basis points (3 percent),” says Ted Benna, who created the first 401(k) plan in 1981 and is founder of the 401(k) Association, a Pennsylvania benefits consulting firm. At a Fortune 500 corporation, your fees are likely to be lower than what you would pay if you worked for a small company; 90 percent of plans cover fewer than 100 participants.

Depending on their size, fees can determine whether your nest egg looks like an ostrich’s or a sparrow’s. Say you invest $50,000 in a plan that charges a 0.5 percent fee, and you enjoy an 8 percent annual return for 30 years. You will retire with $437,748. Pay fees of 1.5 percent and you will have $107,000 less. (Rate of return is for illustrative purposes only)

The fees are not always visible. Typically, a broker will set up a company’s plan at no charge, bundling fees for administering the account with mutual-fund expenses. The broker stuffs the plan with higher-cost share classes, which drain money from employees’ accounts. “In essence, the company shifts the costs of administering the plan directly to the employees,” explained Don Phillips, Managing Director of Morningstar, the Chicago-based mutual-fund research company.

If you or someone you know needs some help managing r

y; 90 percent of plans cover fewer than 100 participants.

Depending on their size, fees can determine whether your nest egg looks like an ostrich’s or a sparrow’s. Say you invest $50,000 in a plan that charges a 0.5 percent fee, and you enjoy an 8 percent annual return for 30 years. You will retire with $437,748. Pay fees of 1.5 percent and you will have $107,000 less. (Rate of return is for illustrative purposes only)

The fees are not always visible. Typically, a broker will set up a company’s plan at no charge, bundling fees for administering the account with mutual-fund expenses. The broker stuffs the plan with higher-cost share classes, which drain money from employees’ accounts. “In essence, the company shifts the costs of administering the plan directly to the employees,” explained Don Phillips, Managing Director of Morningstar, the Chicago-based mutual-fund research company.

If you or someone you know needs some help managing r

ay fees of 1.5 percent and you will have $107,000 less. (Rate of return is for illustrative purposes only)

The fees are not always visible. Typically, a broker will set up a company’s plan at no charge, bundling fees for administering the account with mutual-fund expenses. The broker stuffs the plan with higher-cost share classes, which drain money from employees’ accounts. “In essence, the company shifts the costs of administering the plan directly to the employees,” explained Don Phillips, Managing Director of Morningstar, the Chicago-based mutual-fund research company.

If you or someone you know needs some help managing r

t share classes, which drain money from employees’ accounts. “In essence, the company shifts the costs of administering the plan directly to the employees,” explained Don Phillips, Managing Director of Morningstar, the Chicago-based mutual-fund research company.

If you or someone you know needs some help managing retirement assets, setting up a retirment savings plan, or have life insurance needs, just give me a call at 801-545-0696 or visit us at www.stonecreekwealthadvisors.com

Respectfully,

Mark K. Lund, CRFA Wealth Manager Stonecreek Wealth Advisors, Inc. 10421 So. Jordan Gateway, Suite 600 So. Jordan UT 84095 801-545-0696 Securities offered through Sammons Securities Company, LLC Member NASD and SIPC

P.S. If there is a topic or question you would like to have explored in one of my newsletters, please feel free to submit any questions or topics for discussion on the enclosed coupon.