Keeps Costs Low

Find out what the administrative and investment costs associated with your 401(k) plan are. You can find this information out by looking up the 401(k) plan fees you’re paying on your annual 401(k) fee disclosure statement.

You may be able to move your money into lower-cost funds within the plan. You can also compare the fees and investment costs in your 401(k) plan to possible IRAs.

The company you worked for might have negotiated lower prices with the plan administrator, especially if you’re with a big employer. But if your 401(k) plan has high costs, you could potentially find a more reasonably priced IRA.