What does 200% turnover mean to you?

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When a fund is turning over the stocks in your mutual fund like a rotisary chicken, you pay dearly for it. I recently analyzed a fund mix on the popular Fidelity funds on a 401k palet ? the average turn over was just under 200%! This translates into over 4% cost inside the fund in a single year. This cost comes after a market decline of 39% and underperformance of over 10% against market benchmarks. What should have been around a 40% drop in value translated into a 54% drop in this fund mix!