The fewer assets you have in a 401(k) plan, the less support you get. I know that since I have a Solo 401(k) plan. You open a plan at the local custodial firm and you are left to die.<\/p>\n
So I certainly approve of anyone trying to create a better system of running these plans, whether it\u2019s a master plan or a Pooled Employer Plan (PEP). The problem is I haven\u2019t seen much success because it\u2019s like collecting nickels and dimes. A hundred grand here or there isn\u2019t going to become a huge asset base so quickly. You need distribution and you need interest. I wish anyone luck in pursuing this goal because Solo 401(k) plans can have unknowing compliance issues, coupled with that lack of support.<\/p>\n
<\/span><\/p>","protected":false},"excerpt":{"rendered":" The fewer assets you have in a 401(k) plan, the less support you get. I know that since I have a Solo 401(k) plan. You open a plan at the local custodial firm and you are left to die. So … Continue reading