OFE - No, the fees were not crazy high

Fees for OFE were 7% one time, initial fee + 0,045% every year.

Time to retirement is 40 years initially, going down to zero, so it averages 20 years for any given amount of money invested.

USA 401k retirement fees according to the "401k Averages Book" are small initially, but then every year you pay between 0,3% and 1,8%. The OFE fee is roughtly equivalent to a every year 0,5% fee over 20 years.

Value in 20 years = After Fee*((1+5% per year return - Yearly Fee)^Years)

	Initial	Initial Fee	After Fee	Yearly Fee	Value in 20 years, at 5% per year	Amount of fees
OFE	10000	700	9300	0,045%	24465	784
0,5% Fee	10000	0	10000	0,5%	24117	1049
Min 401k	10000	0	10000	0,3%	25057	617
Max 401k	10000	0	10000	1,8%	18775	4287

The actual OFE results should be a little worse than this table since you can imagine you will earn more in your second half of your live than in your first one, but I don't think it would be such a dramatic difference.

One time fees can be converted into repetitive fees.