What are the two main differences between 401(k) Easy and other 401k plans?
Cost is the primary difference — It could well be the mitigating factor in whether or not your company can sponsor a 401k. No competing plan is priced as economically as 401(k) Easy. Virtually all other plans charge extra for 401k loans, hardship withdrawals, additional investments, etc. Investment choice is another major source of variation: 401(k) Easy lets you offer individual, 401k participant-directed discount brokerage accounts to your employees. 401(k) Easy lets you pick investments from hundreds of today’s most popular mutual fund families. Most other plans offer far less selection; some limit you to no choice — they preselect the investments, usually their own, — and may charge significant fees for additional, non-proprietary investments.
