Save up for retirement!

We can't honestly say that we recommend Liberman Broadcasting, Inc., if you've got a mind looking towards the future.  It seems that anybody worth their salt won't stick around the company very long, and if they do, well, their salt has lost it's saltiness.  But, if for some unfortunate reason you do find yourself clutching to your job as this ridiculous company, you have some options for retirement.  Well, you have AN option:

FutureAdvisor.com has this analysis of the company's retirement 401 (K) plan:

The Liberman Broadcasting 401k Plan is a defined contribution plan sponsored by LibermaBroadcasting, Inc. and held at Fidelity Investments - NetBenefits. FutureAdvisor rates this plan 2 out of 5 stars, based on its 20 plan options with an average expense ratio of 0.67%. This plan is among the top two-thirds of all reviewed plans in terms of cost, and is one of the more expensive plans in the Radio & Television Broadcasting industry. With $4,193,124 in assets and serving 104 participants, the Liberman Broadcasting 401k Plan is among the top 100% largest plans reviewed by participant count, and top 100% largest plans reviewed by assets, with an average participant balance of $40,318.
Let's bet that those actually doing the grunt work at Liberman are not generally one of those 104 participants, and don't have around $40k in their accounts.


No comments: