Bryan and Jim continue discussion about 401k plans and the high fees associated with choice vs. the lower fees of trustee directed plans. For most plans under $6 Million Dollars, the costs of 401k plans can be rather prohibitive, ranging in the 2.5% to 3.5% category when all costs are figured in. In [...]
401k Plans and Pension Plans are typically some of the highest cost plans in the industry. Most small business owners and pension plan board members are ‘unaware’ of the rules and responsibilities that come with administering a 401k/pension plan. Don’t fall prey to brokerage firms trying to sell their plan designs with mutual funds and [...]
We are called into small businesses at least 1x a week to review 401k plans and help business owners establish new plans that meet the need of their workers in the most efficient manner. What is amazing is that most owners and participants have no clue as to the abuse and scandal within 401k plans. [...]
