A small business owner recently posed a question to CNNMoney.com on where to start when choosing a 401(k) plan for her employees. She was advised to first decide what type of retirement plan would be a good fit for her business and was directed to the IRS Web site as a good starting point for doing research.
A small business owner recently posed a question to CNNMoney.com on where to start when choosing a 401(k) plan for her employees. She was advised to first decide what type of retirement plan would be a good fit for her business and was directed to the IRS Web site as a good starting point for doing research.
The article also mentioned that business owners looking for a retirement plan should also take the time to find out what kind of contribution their business can afford, how many employees would be participating, their ages and length of employment.
Another thing employers should research are what fees are being charged by the retirement service provider. NADART is proud to offer customized plans for small businesses with some of the lowest fees in the industry. Our asset-based fees chart (pdf) can show you the additional per-year-cost associated with asset-based fees that other providers may choose. If you have additional questions on fees or would like more information on NADART’s products and services, please complete the Production Information Request Form.