The primary reasons for small businesses that you don’t offer 401k plans are cost, complexity, and liability exposure. The traditional 401k plan has a lot of baggage rolled to those areas. It’s complicated. It’s definitely not easy. For local business of 10 to 15 employees that have so many different things they have to deal with, they just aren’t in position to want to have to deal with the baggage with the 401k plan.
Posts From Christopher Carosa, CTFA
Benna expertly explains why small businesses face nearly insurmountable obstacles when it comes to establishing a 401k, America’s preferred retirement savings vehicle. He then shows how to re-frame existing retirement plan vehicles in a way that small business owners and employees will find more appealing.
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While Social Security is not going “bankrupt,” it’s clear it will have to change in both a fundamental and disruptive way.
You may have thought Labor Day week was a quiet week… and you may have been right.
In this retirement plan version of the game “Who Killed Cock Robin?” we can identify three macroeconomic trends that slayed the pension plan, once the giant among all retirement plans. But, where does the 401k fit in?
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Despite those imagined rosy memories, actual history shows, with a few notable exceptions, pensions were never as universal or as lucrative as imagined.
State pension implosion, a regulation without teeth, and the fee-value correlation.
The traditional lifestyle arc, along with the traditional career arc, may push millennials away from Roth style savings later in life.
State-run wrongs, advice vs. sales, and the consequences of fee compression.
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Derisking pensions, Morningstar wants “Clean” fees, and irrational investing.