Frequently Asked Questions
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Is it a Traditional, Roth, or Simple Plan?
We offer both Roth Plan & the Simple Plan.
We suggest the simple plan but we are totally satisfied with your desire!
The Roth Plan: Retirement that allows you to make contributions after taxes have been taken out. Then you receive tax-free withdrawals when
you retire.
The Simple Plan: An employer-sponsored retirement account. Allows an employer to dedicate a percentage of their pre-tax salary to a retirement amount. Range: Stocks, Bonds, Mutual Funds and Cash.
The Traditional Plan:
An employer sponsored retirement plan that gives employees a choice of investment options. The investment is tax-deferred. Income taxes are matching funds and are also deferred until savings are withdrawn.
What Type of 401 k Plans Do We Offer?
We offer 3 different plans.
Conservative: An investment plan that is very secure. Suitable for the less risk averse investor.
Moderate: Intermediate investing likely performs alongside the market's growth.
Aggressive: The highest risk for the largest return.
Are The Fees The Same For Every Plan?
We have two different fees: the initial fee which is $675.00. You only pay that once. We also have a monthly fee of $575.
Is the $575.00 Per Employee in Our Business or A Fixed Price?
The $575 is a fixed price for the entire company. It is not per employee
What is included with Each Price? Is that How Much Is Invested?
Our 401K Plan is a contribution taken out of your payroll and is then invested into mutual funds. The profits generated are then given when you choose to retire.