David Hassell is the CEO at 15Five, a software development company in San Francisco. He recently shopped around for a retirement plan for his 18 employees. The process left him confused and frustrated.
He’d read a book about retirement plan participants paying too much for their 401(k) plans to the detriment of their retirement savings, so he wanted to avoid companies with high fees. But in looking around, he found it very difficult to figure out what all of the fees were and what the providers were doing to earn them.