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401(k) Alternative plans: SEP

401(k) Alternative plans: SEP

As another alternative to the 401(k) plan, a Simplified Employee Pension plan (or SEP for short) can be a very powerful, user-friendly option. This employer-sponsored plan is easy to open and administer and also limits administrative fees and expenses. With these...
401(k) Sales Traps

401(k) Sales Traps

In reviewing 401(k) plans, it’s apparent that too many times plans come to fruition from a smooth sales pitch rather than careful consideration of needs. It’s no longer surprising to see a 401(k) plan with fewer than 10 participants where substantial costs are passed...