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If the fees are being deducted from the 401(k) assets, then no.  The whole point of a 401(k) is that you deposit money tax-free and pay tax on whatever you withdraw, no matter how much or how little.  Paying fees just means you will withdraw less when you retire and pay less tax then.

 

If you pay out of pocket, the miscellaneous deduction for investment fees was eliminated in the 2017 tax reform.

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