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What separates The Online 401(k) from the rest? Aren’t all 401(k) plans for small businesses the same? After all, we can talk about our features until we’re blue in the face — it all comes down to how we make your life easier.
Here’s how you can benefit from The Online 401(k):
No hidden fees
Many 401(k) retirement plan services offer pricing structures that confuse and deceive. Because providers are not required to disclose asset-based fees, they are invisible to all but the well-informed. You pay more for your plan, and your employees’ savings also erode as these asset-based fees are taken directly out of their 401(k) accounts.
Why The Online 401(k)?
The Online 401(k) charges flat fees that are based on your number of employees. All of our fees are disclosed upfront, so you know exactly what you’re paying for. That way, there are no surprises when you sign up.
Quick and easy set-up
While it takes some 401(k) providers months to get a 401(k) plan up and running, we do it in less than three weeks!
Some providers still use antiquated paper-based systems to set up your 401(k) plan, leaving you at the mercy of the mailman for the setup of your 401(k) plan.
Plus, online access makes managing your 401(k) plan simple. Employers and employees can check their accounts any time with online. Managing the day-to-day details of your company's 401(k) plan will not take you more than two hours a month.
Why The Online 401(k)?
Because our solution is specifically built for small businesses, our online plan setup is a snap! Our Client Relations Representatives walk you through your plan’s setup, answering all of your questions about administration, so you’re prepared for that first pay period, when your 401(k) deductions start! Best of all, everything is online, so no waiting for the mailman to come!
Affordable and flexible
A lot of 401(k) plans are built for larger companies, not small businesses. Many 401(k) plans don’t offer big-business features and customization to small businesses. In fact, some plans will turn away small businesses!
Why The Online 401(k)?
We not only embrace small businesses, but offer a choice of 401(k) plans – both specifically customized for small businesses. With a client base of more than 2,500 small businesses in all 50 states, we understand small businesses like no other 401(k) provider.
And we give you a choice of pre-packaged price levels, so you can have a 401(k) plan you can afford AND gives your small business what it needs.
Full service with a smile
Many “basic” 401(k) plans that are “built for small businesses” give you access to limited e-mail support. Be careful of these self-service providers, you get what you pay for!
“Cheap” solutions can end up putting all of the administration tasks on you, costing you precious time and creating extra work you don’t want to do.
Why The Online 401(k)?
Our service is fully bundled, meaning we take care of almost everything related to plan administration. Your responsibility is limited to simple tasks that we walk you through.
And if you have a question, problem or anecdote to share, you can call us for live person-to-person support OR use e-mail. It’s up to you! We’re real people and we believe you have the right to talk to a live person.
Roth 401(k) feature
A Roth 401(k) allows after-tax contributions to fund tax-free retirement income. We offer this new feature free of charge to all of our clients.
There are no operational or even regulatory burdens associated with adding a Roth 401(k) feature to your plan. The Online 401(k) makes sure that you have all the tools you need for your employees to get the education they need on Roth, and we take care of all of the recordkeeping responsibilities associated with the feature.
Use our Roth calculator to see if Roth is appropriate for you.
To find out more about our Roth 401(k) feature and if it's for you, click here.
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Why 401(k)s?
