JC. 0 Report post Posted February 11, 2020 Hi Everyone, My district just added two new vendors to our list. IPX and Vanguard. Which would you choose: Vanguard $60 a year or IPX with Fidelity Funds for $50 a year? I'm a Fidelity investor, the fund I am interested in are on average less expensive than Vanguard, but my money would be house with IPX not Fidelity directly. Thoughts? JC Quote Share this post Link to post Share on other sites
krow36 0 Report post Posted February 12, 2020 I checked out IPX after you first posted about it. Thanks for bringing to our attention. No, I wouldn’t call the IPX offerings “immoral”. I think some of the IPX options are actually lower cost than Aspire’s 0.15% + $40/yr fees. That’s certainly the case a higher balance, with IPX Vanguard (P3) and IPX Fidelity (P3). For what it’s worth, here’s my summary, based on 403bcompare: https://www.403bcompare.com/vendors/1966#/productlist Encompass is an advisor option with a fee of 0.31%/Q or 1.24%/yr, which is not competitive with Aspire which adds only 0.6% for an advisor. It does offer Vanguard Admiral class index funds. Of course I do not believe an advisor is justified or needed to contribute reasonably to a 403b plan. IPX Fund Portal (Investor Class) has a $6.25/Q or $25/yr fee and a 0.05%/Q or 0.20%/yr fee. It also offers Vanguard Admiral class index funds as well as many higher cost actively-managed funds. There are no low-cost index Target Retirement funds. So the lowest overall cost adds up to about 0.25%/yr + $25/yr. IPX Vanguard (P3) charges $21.50/Q or $86/yr. There is no asset-based fee. Only Vanguard’s Admiral class index funds are offered although there are no Target Retirement or LifeStrategy funds. This IPX option compares favorably with Vanguard’s 403b $60/yr. IPX Fidelity (P3) charges $12.50/Q or $50/yr. There are Fidelity’s low-cost total market index funds but their index target retirement funds are actively managed and are higher cost. This actually beats Vanguard’s $60/yr fee but not Fidelity’s $24/yr. Quote Share this post Link to post Share on other sites
JC. 0 Report post Posted February 12, 2020 Thank you so much for your response. That website 403bcompare.com is a wonderful resource. I would say the IPX plans that do not charge BP seem to be a wonderful option. You have to remember though Fidelity charges $24, but I have to content with the $36 fee Omni charges. So if Omni brought Fidelity into the P3 I would have to pay $60. with IPX I pay $50 and that includes Omni's $36 fee. It's actually cheaper. Since I will just be using this account for the Fidelity SP 500 index fund FXAIX at .02% it's an incredibly inexpensive plan. Thanks again for the reply. JC Quote Share this post Link to post Share on other sites