Fisher 401(k) vs. State-Run Plan Comparison Chart

Contributions

Contributions

State-Run
Retirement Plan
(CA, OR, NJ, CT, IL)

401(k) with
Fisher Investments

SIMPLE IRA with
Fisher Investments

SEP IRA with
Fisher Investments

Employee Income Limits

Employees with income >$135K CAN’T contribute

None

None

None

Annual Contribution Maximum

$6K

$57K1

$13.5K2

$57K

Incremental Owner Contributions Available

No

Yes3

No

Yes3

Tax-Deferred Contributions

Post-tax only

Pre-tax & Post-tax options

Pre-tax only

Pre-tax only

Employer Contributions

Not allowed

Optional

Required
(100% match up to 3%, or 2% non-elective)

Required
(Same % of pay as owner)

Loans Allowed

No

Yes

No

Yes

Plan Management

Plan Management

Cost

Low Cost

Low Cost

Low Cost

Low Cost

Administration

Easy to start, most difficult to maintain

Easy to start and maintain

Easy to start and maintain

Easy to start and maintain

Employee Exclusions

No

Yes4

No

No

Investment Options

Limited

Wide Range

Wide Range

Wide Range