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I have a small business with 5 employees. We have been using a broker to help with our Simple Plan retirement funds. We have been paying him a commision on each new dollar.

I am very confused. Did you open a Simplied Employee Pension IRA (SEP-IRA)? And, you are paying a commission for each dollar invested? If you are talking about a SEP-IRA, your broker should only be charging a commission for stocks purchased and sold. In addition, the brokerage is allowed to charge an annual administration fee, which is nominal. My SEP-IRA is set up through Morgan Stanley and there are no such charges to which you refer.

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