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Franklinton, LA | If that is a one time front end load or sales charge it is bad but not that bad. This type of fee is fairly common in employer sponsored plans and something you will probably have to live with. I would be very upset if this is a fee that is paid each year. That is 25% of your retirement funds every 10 years.
Personally I select funds that do not have a front end load (sales charge) or back end load. Also, I will not invest in a fund if the annual fees are over 1.0%. There are numerous index funds and ETF or Exchange Traded Funds with management fees of less that 0.20%.
If you are in an employer sponsored plan, you should probably make a contribution large enough to get your maximum employer match and swallow the fees. You can then invest additional funds in a regular or Roth IRA with management fees of less that 1.0%. My #1 choice would be an S&P 500 or Total Stock Market Index Fund with annual fees of 0.20% or less.
Edited by DRester 7/27/2016 16:22
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ROTH IRA Fees, how much is too much?
