ups teamster 401k plan cost

over10.5

Well-Known Member
I should know this, but what is the cost of our 401k maintenance fee? Does ups cover the fees or are we charged 1%-2.5% a year? Thanks
 

ups hero

Well-Known Member
I'm pretty sure the maintenance fee varies depending on which plan you invest in. I check mine on the prudential web site every week. I love watching it grow. For instance, I'm in pretty much the savings plan. I'm really conservative about my money. I get charged a little over 2 bucks a month. But as I said it all depends which plan your in
 

browniehound

Well-Known Member
I should know this, but what is the cost of our 401k maintenance fee? Does ups cover the fees or are we charged 1%-2.5% a year? Thanks

It depends on the funds your invested in. Funds that require the most management like balanced fund are 6 basis points and funds that require little management like the index funds are 2 bps. 1 bp = .01% of the amount invested. And no, UPS does not cover the fees we are charged. Not sure why they would? or how they would have access to your private account info?
 
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