This is a summary of the costs for the Teamster Bright Horizons fund:
Total fees and expenses are translated into basis points for each fund. The fixed costs amount to an annualized
rate of 0.25 basis point, while the variable costs are calculated and charged in arrears and are estimated to be an additional annualized amount of 0.03 - 0.05 basis points. Along with Investment Fees, the Custody Fees are accrued and assessed daily against each fund's unit value, and are reflected in the total return performance information presented herein. There may be additional Plan fees and expenses that participants will bear that are not reflected in fund performance.
The UPS 401k BH funds and Teamster BH 401k funds may be different in costs but the underlined last sentence is important. I have been to 4 - 5 classes on this offered for Management 401k plan.
The costs were always 1% or more per year and my external financial adviser advised me the same.
1% is not excessive and is less than many popular funds that have management and transactional fees around 2 - 2.5%. Not knocking BH funds but targeted ETFs offer strategic investment mechanisms with low total costs and fees.