The Ideal Retirement Plan for Your Practice
There are many pitfalls when setting up a retirement plan for a small practice, but you can minimize them by using independent TPAs, recordkeepers, and advisors and by avoiding asset-based fees.
There are many pitfalls when setting up a retirement plan for a small practice, but you can minimize them by using independent TPAs, recordkeepers, and advisors and by avoiding asset-based fees.
Konstantin Litovsky discusses how to be implement a small practice retirement plan. He recommends flat fees and an independent TPA and 3 (38) fiduciary advisor.
Despite the apparent similarities, small practice and large company plans cannot be more different from one another. It's not just the number of participants.
[Editor's Note: This is a guest post by Konstantin Litovsky, one of my regular advertisers who has helped a number of regular WCI readers make changes to their workplace retirement plans. He is also a...
[Editor's Note: This is a lengthy, but extremely useful guest post by Konstantin Litovsky whose firm provides flat-fee comprehensive financial planning and retirement plan consulting to small business...