Retirement Plan Comparison: Simple IRA vs. 401(k)

We’ve had the opportunity to sit with clients and talk about the retirement plans they’re offering their employees. Over and over the question comes up; What’s the benefit of switching from a Simple IRA to a 401(k?)

Here’s a ‘simple’ comparison:

At this point, if you’re considering a switch, it’s important to understand the timeline for a conversion. This is the perfect time to select and implement a new plan.

Here are the four steps:

To speak with the Focus HR, Inc. investment team about your needs in a retirement plan click here.