No Fees 401(k) Has Gone “Old Hollywood” To Warn You of the Devastating Harm of 401(k) Fees Most 40k advisors and their plan administrator partners are continuously skimming fees from workers’ 401(k)s. Think it’s no big deal? The fees they skim are small? Think again. 401(k) “pick-pocketing” costs the average worker $150,000, skimmed from 401(k)…
401(k) Admin & Recordkeeping: Efficient and Low-Cost
401(k) Administration & 401(k) Recordkeeping Isn’t a “High-Margin” Business We have been in the 401(k) administration and recordkeeping business for over 30 years. We provide small businesses with affordable, quality 401(k) plans, and charge a fair price for services rendered. What we do NOT do is deduct 401(k) fees from the employees’ personal 401(k) assets….
What are 401(k) Pick-Pockets?
Are we being unduly harsh when we refer to 401(k) financial advisors and 401(k) providers as 401(k0 pick-pockets? I don’t think so, and here’s why: Examining the Role of 401(k) Financial Advisors and Providers Most 401(k) participants are unaware of the fact that fees are being deducted every quarter from their 401(k)-retirement savings. AARP has…