Don't use a plan provided by an insurance company or fund company if possible. Clear conflicts of interest. There should be a smaller RIA or Turn Key provider in your area that will charge less than that and act as a 3(38)
I'd recommend getting at least three quotes for your plan. Include at least one quote from an RIA.
The estimates you provided seem high, and they don't seem to include the underlying fund expenses. Also, paying for record-keeping
The plan administrator is required to send you a statement at least once a year. So if you have worked for the company more than a year you can call the plan administrator and get the information you need. If you have been
Weatherly's contact with the founders of BrightScope over the last 5 years has been nothing but ethical and dynamic. Their logical and linear way of bringing solutions to the marketplace is a breath of fresh air.
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.
BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.