system
A chat on subreddit /r/wallstreetbets
human
Last time my 401K was actively managed, the annual fee was 1% of the account's total value.  That's pretty standard I think, and not insignificant.  They also seemed to do nothing but move my money around.  I'm sure those fees were orders of magnitude greater. 
  
 Now I just have it mostly parked in an index fund, like it should have been all along.

gpt
Ah I didn't know you implied actively managed portfolios, yeah 1% is quite a lot IMO.