I am between fidelity and vanguard for setting up my individual 401(k) and noticed something on the vanguard site that no one has mentioned from what I can tell (and I may be reading it wrong, who knows). It says the following:
"$20 per year for each Vanguard fund held in a Vanguard Individual 401(k) account. If at least one participant qualifies for Flagship Select™, Flagship®, Voyager Select®, or Voyager® Services, the account service fee will be waived for all participants in the plan. However, if the plan administrator is the only person enrolled in Flagship Select, Flagship, Voyager Select, or Voyager Services, but he or she doesn't participate in the plan, the fee will apply."
$20/year for each fund? That seems like a lot to me. I confirmed with Fidelity that there is no yearly fee. Am I missing something here?
"$20 per year for each Vanguard fund held in a Vanguard Individual 401(k) account. If at least one participant qualifies for Flagship Select™, Flagship®, Voyager Select®, or Voyager® Services, the account service fee will be waived for all participants in the plan. However, if the plan administrator is the only person enrolled in Flagship Select, Flagship, Voyager Select, or Voyager Services, but he or she doesn't participate in the plan, the fee will apply."
$20/year for each fund? That seems like a lot to me. I confirmed with Fidelity that there is no yearly fee. Am I missing something here?
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