Pre Loader



SIMPLE IRA Plan vs. 401(k) Plan

Employers often ask which plan is better.  While there is no true right or wrong answer, one could make a strong case for a 401(k) plan.  Most employers gravitate towards the SIMPLE IRA plan due to its simplicity with minimal administrative responsibilities and low expenses.  However, if the employer is willing to make the extra effort and cover certain plan expenses, a 401(k) plan is the better solution for both the employer and employees. Contributions There is a significant difference in allowed

Why It Does Not Make Sense to Pay 401(k) Plan Fees from Plan Assets

While it is convenient, it is not beneficial to pay 401(k) plan fees from plan assets.  When plan fees are deducted from plan assets, they are usually done on a pro rata basis – plan participants with the highest account balances pay the highest fees.  This could greatly affect your overall investment return over a longer investment horizon when you factor in compounded growth.  These fees could leave a six-figure dent in your retirement savings.  This is especially true if your 401(k) provider charges a high