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401K proNvest question?
My wifes company is getting ready to allow you to use proNvest to help manage their 401K plans for an annual cost od 1% of the balance per year. I was wondering if that was a good price or even average. i have not been able to find this information.
1 Answer
- 1 decade agoFavorite Answer
they are simply a financial advisor. 1% of assets is high side but not abnormal. I'm all for hiring a professional to do this duty. I've been in this business a long time and most arrogant schmucks who think they can do better than the pros typically don't. Certainly there are some who can but they are in the ultraminority and a 401k plan is for the masses.
