Spouse is physician in a small group practice that has a profit sharing plan that has investment broker through AB Bernstein. The investment options for the profit sharing plan are through Great-West, ERs of the investment options are high (most are > 1%). I believe this family of funds was recommended by the brokers.
The practice owners green-lighted me to explore other options and I have a meeting setup with the current investment brokers.
Have a couple of basic questions so I can be somewhat prepared for the meeting.
-who is the record keeper, is it Bernstein or is it great-west where the investments are purchased?
-if I want to choose a different record-keeper or 401k provider, does that mean changing Bernstein or Great-west or both? The only thing I want to do is to change the investment options available to the employees and choose a lower cost provider.
-I see that Vanguard has small business plans but not sure if they offer profit sharing plans. If I want to be able to access a low cost family of funds (Vanguard, Schwab, etc), which companies will offer me those for a profit sharing/401k plan?
thanks!
The practice owners green-lighted me to explore other options and I have a meeting setup with the current investment brokers.
Have a couple of basic questions so I can be somewhat prepared for the meeting.
-who is the record keeper, is it Bernstein or is it great-west where the investments are purchased?
-if I want to choose a different record-keeper or 401k provider, does that mean changing Bernstein or Great-west or both? The only thing I want to do is to change the investment options available to the employees and choose a lower cost provider.
-I see that Vanguard has small business plans but not sure if they offer profit sharing plans. If I want to be able to access a low cost family of funds (Vanguard, Schwab, etc), which companies will offer me those for a profit sharing/401k plan?
thanks!
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