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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. This seems to be contrary to the concept of the Simple Plan and no load Mutual Fund investing. So far I have found that Fidelity is the only site that offers a Simple Plan package. Janus and Vanguard, don't even mention the Simple Plan option.
Why is it so difficult to get information on this approach?
Is this not a good idea?
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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.

Donna
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GeoLes

We use Vanguard in our business and use the Simple Plan as you're talking.

Just call there 1-800-662-7447 #, they take very good care of us and offer service to our employee's by phone.

This was a very easy plan to understand and the packages are complete.

sameally
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I use T.Rowe Price for my SIMPLE. Had no problems!

jbw
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