Medical Practice Trends

56: Should Your Practice Offer a 401(K)? with guest Cynthia Loh, Betterment for Business

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Cynthia Loh, General Manager at Betterment for Business, describes some of the advantages of offering a 401(k) plan to medical practice employees. This issue (14:36) What is a 401(K) plan and how does it differ from a profit sharing plan? Do physician owners have to have the same plan they offer to employees? What are some of the fiduciary responsibilities that practice owners have when implementing a 401(K)?