Related Posts
More Posts
Saturday’s for chillinnn ❤️

Forensic tech vs non tech..go!!
Additional Posts in Financial Advisors
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Saturday’s for chillinnn ❤️

Forensic tech vs non tech..go!!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Download the Fishbowl app to unlock all discussions on Fishbowl.
Copy and paste embed code on your site

Scan your QR code to download
Fishbowl app on your mobile

Before you go too far, did you discuss a SIMPLE as an option?
He likely does not want a Simple (Mandatory contribution) but could go the SEP route.As for 401k, either look at doing one at your b/d (most can do small plans no problem) or look to use a fund company like American or Principal.
I did not look at a SIMPLE, but he would be open to hearing alternatives.
A simple does not have mandatory contributions
I like Principle for small plans.
A SIMPLE at American Funds or any vendor runs about $10/employee. What kind of business is this? Does the owner want to defer a lot of money?
I like Pai for start up 401ks. Reasonable priced, great website, easy admin
Check with CUNA.
Depending on what he makes a 401k could.be better as you can add Roth component. A simple dose have mandatory contributions. A sep is all paid by empolyer. A 401k at last makes everyone come to the table if you do safe harbor.