During my work years I had couple of 401 K plans with my employers. My current plan charges higher fees then any of previous plans. Recently there appeared one more so called "Bookkeeping fee" deducted quarterly from my account.
What services would a "bookeeping fee" include?
Do other 401k plans have such fees?
When I called my plan representative for explanation, I did not get a clear answer. Seemed that person was not aware of this fee because stated "Yes, I see, you did not have a fee like this before". Of course, we do not have a choice or say...if we want to invest, have just "have to take it".