Originally Posted by
CBreezy
Without a min balance, MBCBP does almost nothing for the lost pension crowd.
So the fund is being managed by an outside firm..what is their take? What is the expense ratio? What is the target growth? If it's 3% as explained on another post, I'd honestly rather just take my excess as a cash, thanks.
Ok, let’s talk. I’m nowhere near retirement by decades so my fight is not WITH those who lost there pensions. Point of order here. I fly with many in that group, and hear everyone’s version- regardless of asking.
Next, a plan is managed by a fiduciary. Not the company and not ALPA. With the potential size of 14+k, any of the major houses will actually bid a competitive offer on pricing. Historically a MBCBP is based on the age of participants. With guys/gals/folks retiring yearly, but demographically sooner it would be a conservative portfolio and likely performance. The question becomes what is a 9% increase to the 401K, and a mbcbp? And tax, and growth, and other hands….. run the damn numbers. How it makes less sense for anyone down the line will blow the minds of financial professionals, accountants, lawyers, doctors, etc.
MBCBP- those are the folks that created what we want….