Originally Posted by
NuGuy
There are some things that are easy to cut and paste, but the details are really, really important. For instance, "hey, let's have a self-directed MBCBP!", but MBCB plans cannot be self-directed. That's the whole point, is that it is a defined benefit plan, which gives you access to a different set of limits than DC plans. But DB plans cannot be directed by the recipient, they must be professionally managed. It took DALPA almost 3 years of work with professional finance houses to put together theirs. It's not something you pull off the shelf.
The 10 hour duty pay is not a rig. It pays no matter what, and is not offset by anything. For reserves, it's above guarantee.
Yep and the management fees are going to be a bit higher than what you'd see with ETF's or Mutual/Index funds that are usually in the .015-.1% range.