as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
what does it mean to be a high fee or low fee 401k?
user
every 401(k) has managers to make the stock choices.  they all have different rates.   you want to see that fidelity or vangard is handling your 401(k).(and i am sure others)   if you have a mega bank managing your funds or an insurance company odds are you are paying way to high management fees. so find out, the management fees should be available should be less than 1%.  they can get as high as 2%...ouch
assistant