Who
is
getting
the
most
return
from
your
401(k)
plan
--your
participants
or
your
plan
fiduciary?
Hidden
fees
are
killing
a
surprising
number
of
small
companies'
401(k)
returns
--
by
a
haircut
of
3%
or
more
in
annual
fund
performance.
If
your
401(k)
plan
is
more
than
a
few
years
old,
or
if
your
fiduciary
is
a
bank
or
insurance
company,
your
plan
participants
(including
yourself)
are
probably
paying
huge
hidden
fees,
resulting
in
below-par
investment
results.
Here's a CEBI Alert on how to find and fix that problem.....
As a business owner, you have a short window to make plan changes before your 2010 plan year starts. Most 401(k) plans operate on a calendar year basis. Changes in plan provisions or Safe Harbor elections need to be made at least 30 days before the plan year begins. You have some time to adjust your 401(k) strategy for 2010, but not a whole lot.
While you may have looked at Safe Harbor provisions before (which allow you and other highly-compensated people to max out your 401(k) contributions), you'll want to have a look at some ideas you might consider.....
Here's a CEBI Alert on how to find and fix that problem.....
As a business owner, you have a short window to make plan changes before your 2010 plan year starts. Most 401(k) plans operate on a calendar year basis. Changes in plan provisions or Safe Harbor elections need to be made at least 30 days before the plan year begins. You have some time to adjust your 401(k) strategy for 2010, but not a whole lot.
While you may have looked at Safe Harbor provisions before (which allow you and other highly-compensated people to max out your 401(k) contributions), you'll want to have a look at some ideas you might consider.....
