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I work for ADP selling 401K plans to businesses and converting current plans on other platforms to ours. As far as risk goes, we act in 3(38) capacity and as an advisor, you choose how much you want to be compensated on the plan. We typically see 25-50bps. If you're acting in RIA capacity, you can charge whatever you'd like and either invoice it to the client or have us pull it from the assets quarterly. Let me know if you're interested in hearing more or possibly partnering to grow your 401K business and income stream.
If like to hear about your partnering
Michelle DiBenedetto
Gollowing this as well
Wow I mean following
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The Q plan biz is dead... ADP does them for free, decent sized plans only pay 15-30bp, plus you assume a lot of risk and now w DF you can't legally roll IRA biz out. Why do it?
They're still plenty profitable if your practice is built towards them. And yes, you can absolutely still roll the IRA biz out as long as it's properly documented.
Reach out to me. 212-631-3055