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Yes[0] they do that and it is a bit pricey if you are quite small. We investigated them when setting up our 401k and found the fees to be a bit difficult to swa
by latortuga 10y ago
Yes[0] they do that and it is a bit pricey if you are quite small. We investigated them when setting up our 401k and found the fees to be a bit difficult to swallow for a 3 person company.
[0] https://institutional.vanguard.com/VGApp/iip/site/institutional/clientsolutions/sdc https://institutional.vanguard.com/VGApp/iip/site/institutio...
- ac29 10y agoOur small company has a SIMPLE IRA through Vanguard. It costs $25/year (waived if you have $50k managed with them across any type of accounts) plus the mutual fund costs, which are very low. Almost no paperwork to get it started. Definitely worth looking into for small businesses.
- loeg 10y agoSIMPLE IRAs have lower employee and much lower employer contribution limits than 401(k)s.
- Hannan 10y agoAny chance you can give a rough number on the costs you were quoted? The linked pages don't mention it at all, as far as I can see.