401 K Plan For Small Business

Based out of San Francisco, CA, we’re an independent 401(k) technology company aiming to make Fortune 500-level retirement benefits more accessible by making them simpler, easier, and cheaper for small businesses.

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But in addition to investment advice and other 401(k)-related services, your provider should also help out with other personal finance matters as well, as these can have an impact on your employees’ workplace productivity and the success of your retirement plan.

Okay, now that we’ve laid out the evaluation criteria for small business 401(k) providers, let’s take a look at the top providers mentioned most often by the media to see how they stack up.

When we talk about flexibility for small business retirement plan providers, we mean two things: Investment Options: there are of mutual funds, index funds, and other investment products that can be added to 401(k) fund lineups, each with different pros, cons, fund expense ratios, and maintenance fees.

While most employees will be fine with a simple lineup of low-cost index funds, it’s important that investment-savvy small business owners and employees have access to a wide-range of investment options, so they have options that can accomodate their desired portfolio goals.

Let’s tell you a little bit about our small business 401(k) solution.

Compliance & Administration Tech Does the Heavy Lifting Between our automated compliance & administration software, and your dedicated account manager and 401(k) specialists, nearly all the work of running your 401(k) is taken off your plate.Plan Design: this refers to the specific features, rules, and setup of your small business retirement plan. Some providers may have specific plan design limitations, which can lead to problems like poor employee participation, your business owners not being able to max out their contributions, or the plan costing your company more money than it should.So be sure to choose a provider that supports the plan design that’ll work for your business.For your 401(k) to be a truly powerful benefit and competitive advantage in the war for talent, it’ll need to offer a truly exceptional experience for you and your employees.To do this, you’ll want a provider that helps with the following: High Participation & Savings Rates: every year, the IRS requires your retirement benefit plan to undergo compliance testing to ensure that the benefits of the plan are being enjoyed by everyone – .Full disclosure: with 16 mentions in the media and several reviews across the web, we (For Us All) are one of the 6 small business 401(k) providers in the list.We included information about our company and what makes our solution different, and for the other providers, we compiled their media mentions and user reviews from across the internet.Our goal with this article is to save you time by gathering all the information from across the web in one place.With a benefit as important as the 401(k), it pays to do your due diligence and carefully choose the best 401(k) provider for your small business. Unfortunately, finding the answer is a lot harder than it should be.Evaluating 401(k) providers can be daunting for small businesses. There are hundreds of different providers, many with different roles in servicing a 401(k).