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Plan Recommendation for small firm, four partners, 10 employees and 401K plan allowing individual investment brokerages.

Aug 22, 2016 in  |  Flag
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Chris Schiffer Level 14

That is a pretty general question. I cannot make a recommendation withough understand more about your firm's structure and the goals for your participants. There are many options for smaler plans to set up a 401k . It is also possible to set up multiple plans in order to meet your objectives (i.e. 401k with a profit sharing plan and/or a defined benefit plan.

As for are allowing individual brokerage accounts. There is an option called a "brokerage window" that allows participants to select investmnet options in a brokerage account style account.

I hope this helps a little. Please contact me at 908-821-9764 if you would like to discuss your firm's objectives for a retirement plan(s) in more detail.

Comment   |  Flag   |  Aug 24, 2016 from BASKING RIDGE, NJ

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