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How much freedom do I have to change funds within my 401K plan?


All of my funds are through AIM whose fees are higher than Vanguard's or T. Rowe Price's. Is it possible to change to Vanguard or T. Rowe while still retaining the same 401k plan in which I am currently enrolled?

The 401(k) plan in which you are enrolled is controlled by your company - which usually has several trustees in charge of a plan. They are the ones to decide what funds (or family of funds) to offer the participants. If you are unhappy with that, you are free to voice your displeasure to the trustees of the plan. Other than that, you are stuck until you are eligible to withdrawal funds.

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