Plan Administrative Expenses
John Hancock Recordkeeping Fee - Deducted Pro rata - 0.135%
His Employer 401k Provider Funds
- Stable Value - Galliard Stable Return Fund (Class C) - No Ticker - 0.38%
- Stable Value - Reliance MetLife Stable Value Fund Series 25053 – Class 0 - No Ticker - 0.60%
- Money Market - PIMCO Government Money Market Fund (Administrative Class) - PGOXX - 0.18%
- Income - BlackRock High Yield Bond Portfolio (Class K) - BRHYX - 0.50%
- Income - PGIM Short-Term Corporate Bond Fund (Class R6) - PSTQX - 0.40%
- Income - PIMCO Global Bond Opportunities Fund (U.S. Dollar-Hedged) (Institutional Class) - PGBIX - 0.56%
- Income - Pioneer Bond Fund (Class K) - PBFKX - 0.34%
- Income - Vanguard Inflation-Protected Securities Fund (Admiral Shares) - VAIPX - 0.10%
- Income - Vanguard Short-Term Federal Fund (Admiral Shares) - VSGDX - 0.10%
- Income - Vanguard Total Bond Market Index Fund (Admiral Shares) - VBTLX - 0.05%
- Target Date - American Funds 2010 Target Date Retirement Fund (Class R6) - RFTTX - 0.28%
- Target Date - American Funds 2015 Target Date Retirement Fund (Class R6) - RFJTX - 0.29%
- Target Date - American Funds 2020 Target Date Retirement Fund (Class R6) - RRCTX - 0.30%
- Target Date - American Funds 2025 Target Date Retirement Fund (Class R6) - RFDTX - 0.31%
- Target Date - American Funds 2030 Target Date Retirement Fund (Class R6) - RFETX - 0.33%
- Target Date - American Funds 2035 Target Date Retirement Fund (Class R6) - RFFTX - 0.35%
- Target Date - American Funds 2040 Target Date Retirement Fund (Class R6) - RFGTX - 0.36%
- Target Date - American Funds 2045 Target Date Retirement Fund (Class R6) - RFHTX - 0.37%
- Target Date - American Funds 2050 Target Date Retirement Fund (Class R6) - RFITX - 0.37%
- Target Date - American Funds 2055 Target Date Retirement Fund (Class R6) - RFKTX - 0.38%
- Target Date - American Funds 2060 Target Date Retirement Fund (Class R6) - RFUTX - 0.38%
- Target Date - American Funds 2065 Target Date Retirement Fund (Class R6) - RFVTX - 0.44%
- Growth & Income - American Funds - Capital Income Builder Fund (Class R6) - RIRGX - 0.26%
- Growth & Income - DWS RREEF Real Estate Securities Fund (Class R6) - RRRZX - 0.52%
- Growth & Income - Fidelity 500 Index Fund - FXAIX - 0.02%
- Growth & Income - Janus Henderson Balanced Fund (Class N) - JABNX - 0.57%
- Growth & Income - Vanguard Financials Index Fund (Admiral Shares) - VFAIX - 0.10%
- Growth - AB Small Cap Growth Portfolio (Class Z) - QUAZX - 0.75%
- Growth - Allspring Special Mid Cap Value Fund (Class R6) - WFPRX - 0.70%
- Growth - Allspring Special Small Cap Value Fund (Class R6) - ESPRX - 0.85%
- Growth - BlackRock Science & Technology Opportunities Fund (Institutional Class) - BGSIX - 0.93%
- Growth - JPMorgan Mid Cap Growth Fund (Class R6) - JMGMX - 0.74%
- Growth - MFS Value Fund (Class R6) - MEIKX - 0.45%
- Growth - T. Rowe Price Blue Chip Growth Fund (Class I) - TBCIX - 0.56%
- Growth - Vanguard Mid-Cap Index Fund (Admiral Shares) - VIMAX - 0.05%
- Growth - Vanguard Small-Cap Index Fund (Admiral Shares) - VSMAX - 0.05%
- Growth - Vanguard Utilities Index Fund (Admiral Shares) - VUIAX - 0.10%
- International - American Funds - EuroPacific Growth Fund (Class R6) - RERGX - 0.46%
- International - American Funds - New World Fund (Class R6) - RNWGX - 0.57%
- International - Invesco Global Fund (Class R6) - OGLIX - 0.66%
- International - Vanguard Developed Markets Index Fund (Admiral Shares) - VTMGX - 0.07%
- International - Vanguard International Value Fund - VTRIX - 0.36%
- His Fidelity 401k - $217k (3-fund spread) - Avg Gross Expense Ratio 0.13%
- His Merril Edge tIRA - $142k (3-fund spread) - Avg Gross Expense Ratio 0.06%
- His Vanguard tIRA - - $3k VBTLX - Gross Expense Ratio 0.05%
- Her Vanguard tIRA - $14k VBTLX - Gross Expense Ratio 0.05% (Should note that this would roll into my wife's 457b account with a bond fund expense ratio jump of 0.05% to 0.23%)
- Double-checking on this but I should be making sure my total 2022 401k contributions between the two employers do not exceed $20,500, correct? We're below 50yrs old so no catch-up.
- Are these the best 401k funds to pick for the 3-fund portfolio strategy?
- Domestic: Growth & Income - Fidelity 500 Index Fund - FXAIX - 0.02%
- International: International - Vanguard Developed Markets Index Fund (Admiral Shares) - VTMGX - 0.07%
- Bond: Income - Vanguard Total Bond Market Index Fund (Admiral Shares) - VBTLX - 0.05%
- My AGI calculations for 2023 put us on a cusp of not being eligible to contribute to Roth IRAs depending on what MFJ income thresholds the IRS sets for 2023. So I'm trying to get help with the following questions:
- When would be the best time to start rollover and/or withdraw our traditional IRAs to enable the simpler backdoor Roth IRAs process in 2023?
- I think I know the answer to this but wanted to check nonetheless. Currently the traditional IRAs are sitting in self-directed accounts and low expense ratio funds. is the higher 401k administrative fees inconsequential when weighed against a simpler future backdoor Roth IRA plus and tax-free growth?
- Any other factors I should be thinking about as part of this process?