<prompt> Human: Just got notice today that effective next month my 401k is going to be managed by a new company. Im looking over the fee notice I got, which is a 6 page pdf and I dont totally understand it.First of all, our investment options are limited to about 25 funds that all have an expense ratio of around 1 which sucks.But more shocking, there is a table titled General Administrative Services Expenses which indicates an Asset based charge of 2.5 per quarter, or 10 per year. It says this is deducted from my account and may not apply to all investments offered.Does this mean what I think it means? It cant? Can it? Im waiting for clarification from HR, but we are a tiny company and Im guessing I wont get an answer soon.In the event of a 401k conversion like this what rights do I have as a participant? Can I elect to roll my balance over into my IRA instead of converting to the new 401k? It seems pretty fucked up if they can just move my entire 401k balance to a new account with higher fees and I just cant do anything about it.Assistant: Hey just fyi, these plans are governed by ERISA. If this in any way negatively effects you, the person in charge of this plan is in trouble There is a lot of information available from the DOL on 401k plan fees Also, your plan is getting effed. My prior employer had the same company handle the 401k, and I dont know if my employer was good at negotiating accounting firm, our trustee was a guy who sets these up, for other companies, for a living or what, but our fees were way, way lower. Those specific fees were zero.If I were you, I would talk to the employer and let them know. This is not normal.What industry is your company in? I assume its not a financial firm, right?Human: Thank you for all the info, Im going to read through all of those links right now. Im not going to let this stand. Im still going to assume it was a typo or something in the document until I get confirmation, then Ill raise a stink.We are a 15 person software company, so we may not have the leverage of a bigger company. But our prior 401k that we are leaving had 0 fees other than the fund expense ratio 2  <response>: Just FYI a fund expense ratio of 2 is really bad as well. 