Broker Commissions

[Guest tdmclean]

Is it common for the financial group managing the 457 plan to get a commission from the front load of each mutual fund purchased by the particpants in the plan?

I max out my plan at $14,000 a year and the broker gets over $700 from me due to commissions.

Don't some financial companines wave the commissions and get paid by the company to manage the plan?

[Guest 403]

Please identify your investment provider.

[Locust]

Investment consultants have to eat too.

At least you have some idea what you're paying. Is it worth it? If not, try to get it changed or drop it.

[Guest FLMaster]

Is Elliot listening?