topic 2] What are the two main differences between 401k Easy Online and other 401k plans?
1. Cost is the primary difference — It could well be the mitigating factor in whether or not your company can sponsor a 401k. — No reasonably comparable 401k plan is priced as economically as 401k Easy Online. 2. Investment choice is another major source of variation: — 401k Easy Online lets your 401k plan offer any of an immense array of no-load mutual fund families and/or self-directed brokerage accounts. — Self-directed brokerage accounts mean each plan participant has access to his or her choice of investments. Stocks, options, foreign securities, mutual funds, bonds, corporate, municipal and zero coupons, certificates of deposit, government obligations, and UIT’s are all available. — Most other plans offer far less selection; some limit you to no choice — they preselect the investments, usually their own, and often charge significant fees for additional, nonproprietary investments.
