<prompt> Human: Hi PF,Hopefully simple question here: Im trying to figure out if the iRA I set up with Wells Fargo in my days of ignorance is rooking me on the fees.Currently Im paying:Management fee - .20Admin fee - .3012b-1 - 1.0 yikesProspectus Gross Expense Ratio - 2.22 double yikes!That seems awful high, and I dont even understand how that all adds up to 2.22. The account is no-load and I do get a bunch of free trades per year, which I pretty much never use; is there any reason I shouldnt consider switching this to Vanguard or some other lower-fee IRA? Are there typically fees for switching your IRA to another company? Do companies sometimes refund fees? I have a phone call planned with the guy at WF who has been helping me out, I want to go into that conversation with the right questions. One thing about financial education, it sure makes you feel like a fool for not seeing mistakes earlier.CheersUpdate So, I know the guy at WF really well hes helped my wife and I with a lot of other stuff over the years and I did go ahead and make the call. He didnt try to talk me out of it. I asked him why we got loaded up into such a high-fee situation in the first place, and he didnt have a good answer. That of course means the answer is that we were young and stupid. There is a 75 fee for moving the IRA out, per account we have two.Its embarrassing, but at least I figured things out fast enough to get a correction made before we were hurt too bad by it - this cost me about 300 bucks over the last several years plus the 150 to move out, which isnt too big a price to pay, I guess. Burns, though.Thanks for your advice, and to everyone in PF for helping me save money! Ive learned a lot here in the last few months, and thanks to one comment about Expense Ratios in one post, figured out that I was losing money early enough to stop the bleeding.  <response>: is there any reason I shouldnt consider switching this to Vanguard or some other lower-fee IRA?No. You should switch it ASAP. Are there typically fees for switching your IRA to another company?Sometimes the current custodian will charge fees to close the account. Vanguard does not charge anything to open an account.Do companies sometimes refund fees?Possibly. Cant hurt to ask. 