My husband has a rollover IRA and is being charged annual administrative fees of 1.94%. Is this too much?
I found a large US company that provides this service that has a $20 annual fee, but only if the account is less that $10,000. Above that there is no fee. There are other large asset managers that have similar fee structures. A 1.94% fee is borderline criminal in my estimation.
(Company not named so an not to be an ad.)