Let's compare two small business 401(k) plans and you tell me which company is getting the better deal.
Both companies have 50 employees and exactly the same plan provisions. Each company makes biweekly payroll contributions and each has the same employer match provisions. Same recordkeeping services right across the board.
Company 1: Pays 0.78% (78 basis points) for recordkeeping services. Company 2: Pays 0.27% (27 basis points) for recordkeeping services.
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