Security Benefit’S Nea/direct Invest & Vanguard Admiral Funds in 403(b) Forum Posted February 25, 2016 · Report reply If your contact is a face to face, don't be surprised if they don't know much about and aren't really interested in the NEA Direct Invest. That's been the experience of other posters. The reps earn their living selling the other Security Benefit products. Direct Invest has a 12b1 fee of only 0.01%, which may be all he gets? As you probably have read, SB's website says it's a DIY 403b for investors who don't need the services of a rep. Whether there are hidden fees or not is still unknown, unfortunately. Maybe the lack of interest on the reps' part is a sign that there are no hidden fees, at least none that he gets to share? We're looking forward to your report back!