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Author: jkrou Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 81636  
Subject: Re: retirement plans for small businesses Date: 11/26/2000 11:58 AM
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Our firm has used T. Rowe Price without any problems or incidents for three years come January. All employees have been pleased with their fund choices and overall performance.

I am the administrator for our office so I know what and how much each person puts into their accounts. For fun, I have tracked the different funds that everyone purchases and their performance each quarter. I make an Excel chart showing the different funds and their cumulative performance since we started the plan. I did this so that each employee could see what other funds people picked, and how all of the funds have performed since we began investing in our SIMPLE IRA. I do not let the employees know who is in what fund, but rather have a list of all funds currently invested in. It has kept the employees that were leary of investing interested, and those who are comfortable find a competitive spirit.

It has worked for us, and again we have had zero problems since we started the Plan.

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