My employer uses a relatively new company called "Human Interest" for our 401(k)s. I have 401(k) accounts with Fidelity and TransAmerica from former employers, and I'm trying to decide which is best.
The thing that caught my eye is that Human Interest charges me 0.5% of account balance + 0.07% average fund fees per year. That sounds outrageous to me, but as I started digging deeper into the fees at my other accounts, I could not get a straight answer.
So I'm writing to ask if SE thinks 0.5% a year is a lot?
EDIT1: as a side note, can someone please explain to me why a 401k administrator charges admin fees, while plenty of brokerages (Schwab, TDAm) don't charges admin fees for their non-retirement accounts?