Fidelity “RECORD KEEPING FEE FID” under Account History

Someone asks:

I started with a new employer in February and our 401K is with Fidelity. I just noticed today some “record keeping fees”. Does anyone know the details behind them or if there is a strategy to avoid unnecessary fees within the 401K?


Kyle G:

That is typical for all 401k. Having it at fidelity doesn’t help that much. All 401ks have excess fees to my knowledge. 401ks are expensive to administer. You should see my fees. Yours are cheap lol.

Jackie K:

Yup they all have them. Mine are way more than that too.

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Hi! I'm Diego, 38, and I currently reside in New York. I work as a financial analyst. I primarily focus on initiatives involving research and data analysis.

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