Wally
BrownCafe Innovator & King of Puns
Do the Teamsters have any say?
New 401k app blows
- Thread starter ManInBrown
- Start date
ManInBrown
Well-Known Member
No idea, is it all UPS’s call?
Raven Rocks
New Member
It was Prudential's call, it seems they sold a large part of their retirement business to Empower.
Your quarterly statements are more or less there. But you’re right. The general performance isn’t being highlighted
You pretty much have to go to balance then details. From there, click balance over time and there is where it’s tricky. Nothing exists prior to 3/1. So you pretty have to have start from that time stamp as your bearing.
Select 3/1/24 as your start and today as your finish and your performance is more or less highlighted in red or green.
You pretty much have to go to balance then details. From there, click balance over time and there is where it’s tricky. Nothing exists prior to 3/1. So you pretty have to have start from that time stamp as your bearing.
Select 3/1/24 as your start and today as your finish and your performance is more or less highlighted in red or green.
Coldworld
Well-Known Member
Mellon???
ManInBrown
Well-Known Member
I’m interested to see if the monthly fees are raised. Right now 100% in the s&p I pay $1.81 a month.
If they raise the fees I believe they would have to notify us
Wally
BrownCafe Innovator & King of Puns
That a flat fee?
ManInBrown
Well-Known Member
Yes, every month when I look at my transactions I see one charge for $1.10 and one charge for $.71
Some in pre-tax and some in the roth?
Last edited:
upschuck
Well-Known Member
Can't remember that long ago. Sounds vaguely familiar.
I noticed the app now has a rate of return section. It’s a tad wonky. It also only shows performance from 2019 onward. I guess that’s better than nothing. It still tends to Miscalculate exactly what I put in versus what it’s worth now
As far as fees, it doesn’t seem to matter if you invest in one one fund or 6 of them, it allocates a percentage of the $1.81 among them all pretty much equally. I’ve sort of experimented a tad. One month I would have just two funds going and the fees didn’t change.
But yes, it appears to only apply to pre tax allocations. Roth does not appear to have any transaction fees that I can see.
So on the old prudential site you used to be able to allocate future contributions and split up which investments you chose for pre tax and then Roth was separate. You could select allocate all types across the board or individually choose. That appears not to be an option anymore. So now your 50% sp500/ 50% sp400 will apply to your Roth and also pretax or any other combo. The old site had options to individually select what you wanted (ie Roth could be a bright 2050 fund for example). Unless the options are hidden. Anyone notice?
As far as fees, it doesn’t seem to matter if you invest in one one fund or 6 of them, it allocates a percentage of the $1.81 among them all pretty much equally. I’ve sort of experimented a tad. One month I would have just two funds going and the fees didn’t change.
But yes, it appears to only apply to pre tax allocations. Roth does not appear to have any transaction fees that I can see.
So on the old prudential site you used to be able to allocate future contributions and split up which investments you chose for pre tax and then Roth was separate. You could select allocate all types across the board or individually choose. That appears not to be an option anymore. So now your 50% sp500/ 50% sp400 will apply to your Roth and also pretax or any other combo. The old site had options to individually select what you wanted (ie Roth could be a bright 2050 fund for example). Unless the options are hidden. Anyone notice?
Both in pretax for me. Not sure why it’s split up.
Back in 2019, fees were $2.06. It was split $1.96 and $0.10. So between two funds pretax back then I would see four charges. A $0.97 and 0.96, then a 0.05, and 0.05.
Today between four funds pre tax, I see 0.01, 0.02, 0.03, and 0.04, then about $0.35, 0.65, 0.23, and 0.48. My fees are split a bit different, $0.10, and then $1.71. It’s mere Pennies in the scheme of things
PreTrippin’
Stinkin Ginzo
UPS in a nutshell. lol.
BrokebySaturday
Member
its trash. i wanted to change my contribution for a few months and i guess it went thru. but im use to the prudential site. so ill just keep looking at it to get use to it
ManInBrown
Well-Known Member
At one point I was all in traditional but a few years ago switched to all in Roth. So am I only being charged fees because I have a pretax balance? Roth isn’t charged any fees?
I'm sure there has to be some kind of fees
They're honestly so small I don't pay attention to it
Last month I transferred all but $10k to Traditional IRA and Roth CD's at 5%. At age 60, I have zero risk tolerance and think the house of cards is gonna crash. I couldnt see anything on the Prudential site, it said its moved to Empower and got no where finding my account or registering with them.
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