Financially Simple

In episode 191 of Financially Simple, Justin talks to Jennifer McConnell of July Business Services about the basics of a 401(k) fund. 401(k) funds are the most common type of retirement fund used by Business Owners to set aside money for their employees. Justin asks Jennifer to go over the basics of a 401(k), how they work and what's involved in setting one up. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! FULL TRANSCRIPTION: BLOG: Small Business Retirement Plan Comparison _________________   TIME INDEX: 01:15 - The Basics of the 401(k) 03:22 - Who is Involved When Dealing With a 401(k)? 05:39 - All-In-One Or Separate Companies for Each Role 06:46 - TPAs: Third-Party Administrators 07:30 - Setting Up a 401(k): What are the Basic Options? 11:32 - What Can an Employee Contribute to a 401(k)? 12:46 - The Vesting Schedule 15:06 - What Can Employees Invest In? 17:32 - How Much Does it Cost? 19:26 - Wrap Up _________________   RESOURCES: Financially Simple E