[Hidden-tech] Personal 401k plans

[Andy Klapper]

I was wondering if anybody spent any time looking at 401k plans for
companies of one.  I have a plan through T. Rowe Price for my consulting
business that only employs me and I have nothing bad to say about them other
than I fear that I'm paying too much in fees.  This fear isn't based on
anything other than an NPR report saying that 401k fees are too high and
that I went with T. Rowe Price went I started my business because my last
full time employer used T. Rowe Price.

 

This is a long way of saying that I never shopped for a 401k plan and I was
wondering if any of my esteemed hidden tech company of one colleagues has
spent the time evaluating 401k providers and can share the fruits of their
efforts with me.  I also figure this may be something of interest to others
as the 401k deduction is quite generous for sole proprietors.  (Strictly
speaking it's a combination of SEP and 401k but I use 401k because more
people know 401k's than SEP's, even if they are functionally the same and
simply different parts of the tax code, at least as far as I can tell).

 

 

Thank you in advanced,

 

 

Andy.

 

 

Andy Klapper

Asgard Technology Group, LLC

Making Complex Software Simple

High Speed Multi-Threading Specialists

5 Anna Marie Lane

East Longmeadow, MA 01028

 <mailto:Andy at Asgard-Tech.com> Andy at Asgard-Tech.com

(860) 805-1189 (cell)

 

 

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