I am a solo owner of an ophthalmology practice with 14 employees. Our old 401 k was not practical due to fees and the large amount of time/paperwork I had to do myself. I am very happy with a switch to a SIMPLE IRA (despite the cons, the Simple IRA blog on WCI is excellent). However the options before me are confusing in regards to fee analysis. Does anyone out there have the ability to explain how to wade through (American funds for example) the product descriptions to see what the actual cost of the investments will be? (the management of the plan itself will be quite cheap, $10 per participant to set up, $10 annual fee). This is a major reason why we're moving away from the 401k, I need to get these fees right.
Thank you in advance!
Kevin
Thank you in advance!
Kevin
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