### Comment:
Is that 1.5% on profits or what you have invested total? Also, when you say total market fund, do you mean like the s&amp;p 500? Or another index? Who do you have managing those?

### REPLY:
the management fees are x% of assets under management, so effectively it’s taken from the total you have invested in that fund.  
  
 I’m using vanguard funds, one for s&amp;p 500, one for Russell 2000, and a mid-cap fund. The vanguard funds are around 0.24% of AUM. We have other funds available by JP Morgan and other management companies but those are typically in the 1.5% to 3% per year

### END.