How Much Does Your 401(K) Plan Cost?
DO YOU KNOW?
What you don’t know is probably costing you and your employees thousands (perhaps tens of thousands) of dollars every year in unnecessary expenses, fees, and tax payments. Not knowing your plan design can cost you additional money and further reduce your tax savings. A lack of knowledge about your 401(k) plan can also lead to compliance issues that result in a Department of Labor fine, or even a loss of your qualified plan status.
Let us help you get the answers you need to ensure that you’re minimizing fees and expenses, maximizing tax savings, and minimizing compliance headaches.
ASK YOURSELF
- Who is your Third-Party Administrator (TPA), Recordkeeper, Custodian, and Plan Advisor?
- What do they charge for their services? Free is the wrong answer.
- What services were they hired to provide, and are they providing those services?
- Is your plan designed to maximize contributions and tax efficiency?
- Is your plan designed to minimize compliance issues?
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