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What is The Online 401(k)?
How is The Online 401(k) different from other providers?
How is The Online 401(k) compensated?
What investments are available in The Online 401(k)?
What is The Online 401(k)?
The Online 401(k)™ is a retirement plan that provides small businesses with two to 50 employees with an easy-to-manage, low-cost, all-inclusive 401(k) solution that features plan administration (including all IRS filings), daily valuation recordkeeping, online plan design, 24/7 access to 401(k) accounts and a dedicated customer relationship manager.
How is The Online 401(k)™ different from other providers?
The Online 401(k) ’s retirement plans act in the best interest of small business owners and their employees with fully-disclosed low fees. Unlike mutual fund or insurance companies, The Online 401(k) ’s plans do not promote its own proprietary mutual funds.
Online management and live customer support makes The Online 401(k) and Single(k) easy to use and manage.
The Online 401(k) helps both employers and employees: Employers reduce business costs and can better attract and retain employees; employees receive the additional benefit of a retirement plan.
How is The Online 401(k) compensated?
The Online 401(k) charges a low setup fee and a monthly flat fee, which varies according to the number of employees. It does not charge any asset-based fees or commissions. Because The Online 401(k) has streamlined processes and eliminated a lot of manual and redundant tasks, it is able to pass those savings onto its clients.
What investments are available in The Online 401(k)?
Employees have access to more than 17,000 mutual funds, including four- and five-star-rated Morningstar mutual funds.
Small businesses who use The Online 401(k) enjoy a wide variety of diversified fund options, covering all major asset categories as well as lifestyle funds, technology funds and socially responsible investment funds.
And unlike insurance companies and mutual funds giants, The Online 401(k) is not limited to only a few fund families. It does not negotiate "special compensation deals" with fund families.
While The Online 401(k) offers a menu of funds that is currently set up on our platform, our clients are not limited to only those funds.
Through a neutral custodian, The Online 401(k)’s clients have access to thousands of funds, including an optional discount brokerage account that they can add to the current list of available investment options. This list is also customizable.
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Why 401(k)s?
