Search found 6 matches

by 401(k) Gee(k)
Wed Oct 09, 2019 5:23 pm
Forum: Personal Investments
Topic: Employer switching to higher fee 401k admin. What would you do?
Replies: 46
Views: 3325

Re: Employer switching to higher fee 401k admin. What would you do?

I know some people whose 401k plan was transferred from Fidelity to a less desirable provider. They were still employed by the same employer, but they were able to rollover their 401k assets to IRA accounts. This would be a blatant violation of IRS regulations unless this was a part of certain acqu...
by 401(k) Gee(k)
Tue Oct 08, 2019 4:51 pm
Forum: Personal Investments
Topic: Highly Compensated Employee & 401K limits
Replies: 41
Views: 4309

Re: Highly Compensated Employee & 401K limits

As others have mentioned on this thread re: encouraging non-highly compensated employees to contribute more, in a similar vein you can also discourage other Highly Compensated Employees (which also includes 5% or more owners and their family members who are employed by the company). Basically, if th...
by 401(k) Gee(k)
Tue Oct 08, 2019 4:36 pm
Forum: Personal Investments
Topic: Highly Compensated Employee & 401K limits
Replies: 41
Views: 4309

Re: Highly Compensated Employee & 401K limits

Another possibility is if the employee is age 50 (or greater) in the year AND the plan allows for Age 50+ catch up contributions, you can contribute up to the maximum under the catch-up limit which is $6,000 for 2019. Now, pragmatically most 401k plans will kick on the catch up after the initial lim...
by 401(k) Gee(k)
Sun Oct 06, 2019 10:30 am
Forum: Personal Investments
Topic: Vanguard Solo 401(k)
Replies: 20
Views: 1425

Re: Vanguard Solo 401(k)

A few notes of caution about what it means to sponsor a Solo 401(k) plan. If the only employees are you (and perhaps a spouse) now and into the foreseeable future then you should be fine and you can stop reading. A lot of the chatter discussed on this thread addresses eligibility restrictions for em...
by 401(k) Gee(k)
Mon Sep 23, 2019 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Searching for affordable 401K provider? Guideline? Any comments or suggestions?
Replies: 13
Views: 842

Re: Searching for affordable 401K provider? Guideline? Any comments or suggestions?

You may want to check out SaveDay It is similar to Guideline but with a different fee structure. It is: 0.35% of plan assets charged to employee accounts annually plus a modest investment fee ranging from 0.06% to 0.08%. There doesn't appear to be an employer charged fee. I recently read about them...
by 401(k) Gee(k)
Wed Sep 18, 2019 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Searching for affordable 401K provider? Guideline? Any comments or suggestions?
Replies: 13
Views: 842

Re: Searching for affordable 401K provider? Guideline? Any comments or suggestions?

You may want to check out SaveDay It is similar to Guideline but with a different fee structure. It is: 0.35% of plan assets charged to employee accounts annually plus a modest investment fee ranging from 0.06% to 0.08%. There doesn't appear to be an employer charged fee. I recently read about them ...