David Efflandt wrote:
- quote -

Likely a couple thousand dollars, at least (that's for a very small
employer plan). Custodial fees, administrative fees, fees per employee,
Form 5500 preparation fees, etc.

For example:
http://www.micro401k.com/feeschedule.htm ($1700 admin fee +
$24/participant - add $200/brokerage account)

The vast majority of employees do not know what the plan costs their
employer, nor are they even aware that there are any fees at all. In
this, you are not alone. Not a big deal for large companies, but a
significant cost for cash-strapped startups.

- quote -

Fidelity doesn't charge for Solo 401(k)s either, but it doesn't offer
Roths:
http://personal.fidelity.com/product...ogh.shtml.cvsr

- quote -

More requirements to meet, since 401(k) plans are qualified plans
(meaning that they have to comply with IRC 401(a)), while IRAs are not.
http://invest-faq.com/articles/ret-plan-401k.html

--
Mark Freeland
nNeEwTs[at]sonic.net

On Tue, 4 Jul 2006, Will Trice <wwtrice[at]paragondynamics.com> wrote:
- quote -

I am curious what is typically charged for a 401(k). Our company has our
401(k) at principal.com, which does not charge us anything (other than
typical fund expense ratios, similar to no-load mutual funds). But not
sure what they charge my employer, if anything.

Have you checked with major discount brokers? Fidelity does not charge me
any monthly or annual fee for my personal IRA, Roth IRA, or taxable
account. What justification would anyone have for charging you more any
than a personal Roth IRA for a personal Roth 401(k) account, unless you
need investment advice or management?

Hey again,

I've been having some difficulty finding a custodian that will start a
solo 401(k) for my wife's business at a reasonable cost (and with a Roth
option). A Google search yesterday brought a new hit to the top of the
list: http://www.401kbrokers.com/ These guys are interesting as they
supposedly allow you to set up a 401(k) at institutions that don't
normally have 401(k)s. Like E-Trade. I guess from E-Trade's
perspective, it's just another account since the paperwork is handled by
the folks behind the website above. And a .25% fee is the least
expensive that I've found.

Anybody have experience with these folks (or something similar)?

Thanks!
-Will