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Individual 401k Providers

2015-05-18

Beacon Capital Management Advisors is experienced in setting up Individual 401k plans for our clients and we have developed working relationships with many Individual 401k providers.

In general Individual 401k plans are broken down into 3 main groups and below are some of the defining features.

1) Individual 401k plans with one mutual fund family

  • Choose from 20 to 40+ funds through one mutual fund family (i.e. Oppenheimer, American Funds, Pimco, Pioneer, etc)
  • Inexpensive – The administrative fees for Individual 401k plans vary depending on the Individual 401k provider, but the administrative costs can be as low as $0 to setup, $15 annual fee and $75 fee for a 401k loan.
  • Loans are available.
  • Roth 401k contributions are available.

Clients select this type of Individual 401k plan because they like the simplicity and the low administrative fees. They feel one mutual fund family and 20 to 40 mutual fund choices is sufficient for their 401k. Clients may select this type of Individual 401k plan if they are interested in getting a 401k loan and want low administrative fees.

2) Individual 401k with multiple mutual fund families, ETFs and stock trading

  • Choose from over 1,000 mutual funds and multiple mutual fund families
  • Stock trading available.
  • More expensive – Fees vary depending on the Individual 401k provider, but the administrative costs can be $275 to setup and $275 per year. Additional fees for stock trading and other administrative fees may apply.
  • Loans are available.
  • Roth 401k contributions are available.

Clients select this type of Individual 401k plan because they need a lot of investment flexibility and need the ability to choose from over 1,000 mutual funds, ETFs and do stock trading.

3) Individual 401k investing in real estate, tax liens, gold and alternative investments

  • Can invest in real estate, tax liens, gold and other alternative investments.
  • Very Expensive.

Clients select this plan because they want to invest in non-traditional investments. These plans are expensive and have other potential complications not found with other Individual 401k providers.

Complete the form below and we will provide you with more information. Please indicate what type of Individual 401k provider you are interested in.

 

How Can BCM Help You?

Beacon Capital Management Advisors (BCM) is experienced in setting up retirement plans for our clients. BCM provides retirement plans to the self employed, freelancers, entrepreneurs, independent contractors and small business owners and is registered in 50 States. Complete the form below and a BCM Advisor will promptly respond to your inquiry.

 

Disclosures:

*The information on this page is for informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax situation and specific needs, please consult a professional tax advisor.

*Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.