What Investments are right for my Plan?

Where should we put our retirement money? 

When establishing a 401(k) Profit Sharing Plan, a business owner generally needs help with 3 things:

  1.  Investment selection and monitoring
  2.  Administration
  3.  Record Keeping

Administration and record keeping may be handled by the same entity (a bundled provider) or separated (un-bundled, using an outside TPA).  No one solution is perfect for every situation and we can help you decide which is best for you.

Investment selection and monitoring almost always involves selecting a lineup of mutual funds for you and your employees to choose from.  However many employers are exploring other options, which may include:

  1.  The ability to purchase individual stocks
  2. The ability to purchase crypto currencies such as Bitcoin or Ethereum
  3. Real estate
  4. Life insurance (typically in defined benefit plans)

Our job is to help you figure out what works best for you, help you limit your liability exposure and find the most efficient and cost effective setup that serves you and your employees best interest.

So can I buy Bitcoin or other Crypto Currency in my 401(k) plan or not?

The short answer is “maybe”.  Technically there’s no law against crypto currency within a 401(k) plan.  However as of right now there are very few 401(k) providers that have trading platforms that allow for it.  Crypto markets tend to work on a 24/7 market cycle, are highly volatile and still relatively new to the 401(k) market.  That said, there are innovations happening and more mainstream acceptance of crypto as a viable asset class, so we expect new products to become available as this market matures.  Give us a call and we will do our best to help you find a solution that works for you.

Call us at (619) 942-4510  to learn more or set up a consultation.

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