<prompt> Human: I am brand new to investing, and have no idea where to start. I am researching, but am pretty far behind on investment knowledge. I just started a job at 65,000 a year. My employer is offering 3 in retirement contribution matching, and brought in her friend, a financial advisor, to help me understand the retirement investing process as well as the rest of the office - 5 people. He explained to us that he would open Simple IRA accounts for us that have mutual fund investments in them. He briefly explained this to us, and my understanding is that it is just a slightly better form of investing, where you can choose risky or safe investing. However, he seemed a little shady to me, just a bad vibe. He briefly explained how much in fees we pay, but QUICKLY glossed over it. I forced him back on the subject, and he tried to explain in a complicated way. I think what he said was they take 5 of all contributions, so if I were to contribute 1000, I would actually have to pay 1050 in order to invest 1000. This seemed high to me, so I refused to set up the matching until I did more research. He said he uses Invesco, and they take my 5, and he gets a cut of it from them. He also said he would be my personal financial advisor included in that fee, and that when my account is growing, I wont care about his fee but when the accountmarket is depreciating I might hate him.It all seemed strange to me, yet when I contacted Charles Schwab, they told me my employer would not match unless the employers specifically does their investing with Schwab. They also said they would not work with me until my account has a minimum of 5,000 which I dont have yet - I havent started my retirement account yetIs 5 of contributions per year a crazy high fee? I read online 1-2 is more apt, but online said 1-2 of the ACCOUNT BALANCE, whereas I believe this guy wants 5 of contributions. It still seems like a high fee to me? I obviously really want the matching, so is it worth going through this guy and Invesco never heard of them? I just felt like I could maybe do it myself or using a algorithm manager instead of in person, if it makes more financial sense. But I am a noob investor and need help. Thank you in advance!  <response>: 5 is high, but if your employer is offering a 1:1 match, then its really a no brainer. You contribute 1000, he takes 5 50, but then your employer puts in an extra 1000 on your behalf, so you end up with 1900 invested he probably takes 5 of the employers 1k as well when it only cost you 1000. Sure, it would be great if your employer picked a better financial advisorplan manager, but if theyre offering you matching thats really hard to pass up. 