In addition to asset-based fees, some clients can pay a per-transaction fee for certain trades: Equity and ETF: 0.60% Fixed-income: 0.40% Laddered bonds and short-term: 0.25%
| Ambassador Program* | |
|---|---|
| Up to $1 million | 2.25% |
| $1 million up to $2 million | 2.00% |
| $2 million up to $5 million | 1.75% |
| $5 million up to $10 million | 1.50% |
Thereof, what retirement plan allows for discrimination?
A nondiscrimination rule is a clause found in qualified retirement plans stating that all employees of a company must be eligible for the same benefits, no matter their position within the company. The rule keeps plans from being discriminatory toward highly-compensated employees and company executives.
Similarly one may ask, does Raymond James offer 401k?
Our 401(k) Plan is an important vehicle for reaching your personal savings objectives, with an opportunity to earn additional contributions from Raymond James through a match. … So, if you contribute a total of $2,000 to your 401(k), you will maximize the match and earn $1,000 from Raymond James toward your retirement.
Is Raymond James a good broker?
Generally speaking Raymond James is a good firm with good advisors.” In fairness, there are those clients that are very happy with their Raymond James financial advisor and Raymond James investments. … Returns have been much better than our previous life insurance company investments.
Is Raymond James better than Edward Jones?
Edward Jones
| 51% | Promoters |
|---|---|
| 10% | Passive |
| 39% | Detractors |
Is a simple plan a qualified retirement plan?
A SIMPLE 401(k) plan is a qualified retirement plan and generally must satisfy the rules discussed under Qualification Rules, including the required distribution rules. A qualified plan is a retirement plan that offers a tax-favored way to save for retirement.
What type of qualified retirement plan is more favored by older employees?
Another defined contribution plan is the target pension plan, which favors older employees. This is another hybrid plan, but this is actually a defined contribution plan (subject to the $49,000 and 100 percent limitation in 2009) that looks like a traditional defined benefits plan in its first year only.
What type of retirement plan is not required to have a vesting schedule is not approved by the IRS can discriminate in favor of highly compensated employees and can benefit the employer?
What type of retirement plan is not required to have a vesting schedule, is not approved by the IRS, can discriminate in favor of highly compensated employees, and can benefit the employer? -free.
Are Raymond James Financial Advisors fiduciaries?
The rule required banks, brokerage firms (e.g., Morgan Stanley, Merrill Lynch, Wells Fargo, Raymond James, LPL Financial, Edward Jones and many others) as well as insurance companies to act as fiduciaries with investment recommendations for retirement accounts, primarily aimed at IRA rollovers.
Does Raymond James offer a Roth IRA?
Roth total at retirement
Total value in your Roth IRA at your retirement. To take any distributions that include earnings that are tax free, the Roth IRA must be opened for 5 tax years. Eligible tax-free distributions include those taken for death or disability, after age 59-1/2, or for a first-time home purchase.
What is a Raymond James account?
Raymond James is a full service brokerage firm registered with FINRA and protected by SIPC insurance. Customers can receive more than just the standard brokerage service of buying and selling stocks here. The company also offers investment advice, a detailed financial plan, insurance coverage, and estate planning.
Is a money purchase plan a pension plan?
A money purchase pension plan is an employee retirement benefit plan that resembles a corporate profit-sharing program. It requires the employer to deposit a set percentage of the participating employee’s salary in the account every year.
What is the maximum number of employees earning at least $5000?
What is the maximum number of employees (earning at least $5,000) that an employer can have in order to start a SIMPLE retirement plan? An employer can have a maximum of 100 employees earning at least $5,000 to be eligible for a SIMPLE retirement plan.
What is a simplified employee pension plan?
A Simplified Employee Pension (SEP) plan provides business owners with a simplified method to contribute toward their employees‘ retirement as well as their own retirement savings. Contributions are made to an Individual Retirement Account or Annuity (IRA) set up for each plan participant (a SEP-IRA).