<prompt> Human: Our employer is switching from a Wells Fargo 401k administered plan to a Principal plan and is touting the new plan as including low expense fee options, such as Fidelity and Vanguard. However, Principal is charging an annual administrative expense of nearly 1 of the entire account balance yes, every single year. The Wells Fargo plan did not have this fee. They simply charged an annual 12 fee, which is nearly 0 as compared to my account balance. Wells Fargo also offered multiple low expense fee options, therefore there are no upsides to this new plan.I am currently maxing out the existing WF plan 18,000 year, plus 4.5 salary employer match. I am also maxing out a Roth IRA. I have no debt, other than a mortgage with a 2.5 rate. Obviously, I do not plan to roll over the WF to Principal as the new plan administrators are encouraging us to do. They are officially severing our ties with WF at the end of the month and all new contributions will go to the Principal plan. What are my options here? I want to maximize my tax advantaged accounts, but I refuse to handover 1 of my annual balance to these people. I plan to contribute 6 of my salary to get the 4.5 employer match, but where do I put the remainder of the 18,000 - 6 salary contribution?edit: I just confirmed with our admin that they are automatically transferring the funds to the new plan. Our plan admin was not sure if we could rollover into an IRA instead.edit2: In a minor fit of rage, I approached our admin and explained that the new plan fees are essentially 6000 higher than the existing plan. Hisher response: Nobody is going to manage your money for free. WF also got paid too, but they probably rolled the fee into the individual funds. I explained that there is a difference between plan fees and fund fees, and that I was not confusing the two. Hisher response: 1 is not a high front end fee. My personal IRA funds are all in actively managed accounts with fees higher than 1. This plan is cheaper than what I personally use and managed funds will have higher returns than passive. My eyes were popping out of my head. I am literally sick to my stomach right now.Assistant: You should sit down with your plan administrator and show her the math and get her thoughts. Then you should ask them about their fiduciary duty that they have as the plan administrator how the 401k plan change fits with her legal obligations.Human: Our new CFO just started a couple of months ago and finding a new plan admin was this persons first task. I dont want to poke the bear, but I dont feel like I have a choice at this point.  <response>: Then go speak to others at the company about it and approach mgmt as a group so that you arent the sole squeaky tire. 