<p>About 50% of my 401K is in an age based mutual fund. It has not been performing that well ever since. </p>
<p>I was doing some research and found the ID of the fund. When I search that on Yahoo, the closing price is $10.33/share. However, it is only listed as $9.62/share in my 401K. I knew this fund had a very high expenses (~0.78%). </p>
<p>My question to those who know about this: is the diference between the yahoo listing and my 401K list because they charge me more expenses in my 401K? In other words, for $103.3 today, I could buy 10 shares of this fund on open market and my 401K. But my net value in 401K will have only $96.2?</p>
<p>I did not buy this fund myself. The company switched from one fund company to another. They switched all my funds at that time into this fund based on my age.</p>
<p>Some 401k plans (typically those run by insurance companies) quote prices and amounts in units that do not have a 1-to-1 correspondence to the regular shares of the underlying mutual fund.</p>
<p>The difference is more than likely a lag between the updated date in your 401(k) vs Yahoo. Yahoo will show today’s price, your 401(k) will may show an older price.</p>
<p>When you say it hasn’t been performing well, are you comparing to the performance of the dow or s&p 500? By definition, an age based fund increase in value as much as the s&p 500 does during a bull market. (especially if you are very close to the target age), because it reduces the risk by mixing some stocks with some less risky investments.</p>
<p>However, during a bear market, it will not drop in value as much either, because a portion of that 50% is invested in less risky investments.</p>
<p>First of all, thanks a lot for your information.</p>
<p>
</p>
<p>There are about 5 different tickers for this fund and they are about $0.10 from each other.</p>
<p>
</p>
<p>Could you please explain this a little? I remember that during the initial conversion, on Jan 1st, we started out at $10/share. I guess what you are saying that actualy share on the open market could be $10.60 on Jan 1st.</p>
<p>When I said it performed poorly, because I purchased for $10 a share many years ago and today it is still around $9.60 a share.</p>
<p>Insurance company run plans often have the shares wrapped in units that do not have a 1-to-1 correspondence to mutual fund shares. E.g. one $10 unit may correspond to 0.85 of a share of the mutual fund that trades at $11.76. The ratio may change as the insurance company takes additional fees above what the mutual fund charges.</p>
<p>Plans run by mutual fund companies or brokerage firms typically list your account in the shares of the actual mutual funds.</p>
<p>A mutual fund with five share classes is typically a high cost or load* fund with five different commission structures for the salesperson, although institutional buyers and retirement plan buyers typically get the load waived on the class with the lowest ongoing expenses.</p>
<p>*Load = percentage sales charge when buying or selling the fund.</p>