401(k) Providers

401(k) providers offer a tax-advantaged 401k retirement savings plan that allows employers and employees of private, for-profit companies to contribute with pre-tax dollars.
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Product Info

Min. Group Size

-

Lives Serviced

25,000

Average Cost

Average Cost is Locked

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Product Features

✓

401(k) online portal  

✓

Contribution management 

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Payroll Integration 

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Flexible 401(k) Plans 

Product Description

Through integration and automation, we’ve created an entirely new way to save for retirement.

-Get up and running in just minutes
-Individualized guided portfolios
-Simple and affordable pricing
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Company Overview
Product Info
Company Overview

Founded

1946

Employees

69,817

Funding Summary

40M Series A

Clients Your Size Clients Your Size

Clients size is Locked

About Fidelity Investments

Fidelity Investments® has been in business 73 years. It was founded in 1946 by Edward C. Johnson 2d, as an investment management company. Fidelity entered the benefits administration business in 1982 in response to corporate clients’ requests to couple their mutual fund investments with defined contribution recordkeeping services. Today, Our Workplace Solutions organization provides defined contribution, defined benefit, health & welfare, Payroll and HR, health savings accounts, and stock plan services, to employers in virtually every industry. Show More
Product Info
Company Overview

Founded

1975

Employees

22,589

Funding Summary

50M Series B

Clients Your Size Clients Your Size

Clients size is Locked

About Vanguard

We are a community of 30 million who think – and feel – differently about investing. Together, we’re changing the way the world invests. Since our founding in 1975, helping our investors achieve their goals is our sole reason for existence. With no other parties to answer to and therefore no conflicting loyalties, we make every decision—like keeping investing costs as low as possible—with only your needs in mind.
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Product Info
Company Overview

Founded

1937

Employees

7,868

Funding Summary

None

Clients Your Size Clients Your Size

Clients size is Locked

About T. Rowe Price

T. Rowe Price is a financially solid, debt-free organization with strong employee ownership. The firm was:

 Established in 1937 by Thomas Rowe Price, Jr.
 Incorporated in the state of Maryland in 1947
 Licensed to conduct business throughout the United States in 1947

In 1986, T. Rowe Price first issued shares to the public.

T. Rowe Price is focused on two core businesses – providing recordkeeping services to the plan sponsors and managing money for individuals and institutions.
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Product Info
Company Overview

Founded

1973

Employees

26,524

Funding Summary

10K Grant

Clients Your Size Clients Your Size

Clients size is Locked

About Charles Schwab

The Charles Schwab Corporation provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC), and its affiliates offer investment services and products. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides deposit and lending services and products. Access to Electronic Services may be limited or unavailable during periods of peak demand, market volatility, systems upgrade, maintenance, or for other reasons. The Charles Schwab Corporation does not endorse third-party comments.
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Product Info

Min. Group Size

-

Lives Serviced

-

Average Cost

Average Cost is Locked

23 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

12 Specific Questions Specific Questions

Lock

Product Features

✓

Traditional pre-tax 401(k) 

✓

Roth 401(k)

✓

401(k) online portal  

✓

Contribution management 

Product Description

As the #1 recordkeeper in the U.S. for ten years in a row, our proven 401(k) solutions can help ease your administrative tasks, offer choice and flexibility with plan options, and provide superior... Show More
Company Overview
Product Info
Company Overview

Founded

2004

Employees

70

Funding Summary

Clients Your Size Clients Your Size

Clients size is Locked

About Employee Fiduciary

Employee Fiduciary, founded in 2004, is a 401(k) plan provider for small businesses. Employee Fiduciary provides retirement plan recordkeeping and administration. Serving over 2,700 small and growing businesses, the company provides low cost 401(k) services to value-oriented business people nationwide.
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Product Info
Company Overview

Founded

2010

Employees

1,727

Funding Summary

Clients Your Size Clients Your Size

Clients size is Locked

About Merrill Edge

Merrill offers access to the banking convenience of Bank of America and investment capabilities of Merrill Lynch to help simplify the financial lives of our clients. We enable clients to seamlessly manage their Merrill Edge Self-Directed investment accounts and Bank of America bank accounts via our online platform, phone capabilities or at many Bank of America financial centers. At Merrill we work to service and deepen client relationships by understanding your risk tolerance, liquidity needs, investment savvy and goals to create personalized advice designed to fit clients’ needs and expectations.
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Product Info
Company Overview

Founded

1879

Employees

20,000

Funding Summary

33.5M Series C

Clients Your Size Clients Your Size

Clients size is Locked

About Principal Financial

Principal Financial Group® helps people and companies around the world build, protect and advance their financial well-being through retirement, insurance and asset management solutions that fit their lives. Our employees are passionate about helping clients of all income and portfolio sizes achieve their goals – offering innovative ideas, investment expertise and real-life solutions to make financial progress possible.
The Principal is an Affirmative Action and Equal Opportunity Employer and an E-Verify participant. All qualified applicants will receive consideration for employment without regard to of age, race, color, religion, gender identity, gender expression, pregnancy, national origin, citizenship status, disability, genetic...
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Product Info
Company Overview

Founded

1877

Employees

Funding Summary

Clients Your Size Clients Your Size

Clients size is Locked

About OneAmerica

The companies of OneAmerica have a solid foundation in the financial services marketplace dating back more than 140 years. During that tenure we have implemented a variety of retirement plan products and services to meet the financial needs of our clients. We are organized in a mutual holding company structure. From a business standpoint, the advantages of our mutual holding company structure are numerous. This structure supports our growth strategy by providing flexibility to bring other mutual insurance companies into the organization. It allows for efficiency in capital structure by providing both support for growth and stability for financial strength... Show More
Product Info
Company Overview

Founded

2016

Employees

Funding Summary

Clients Your Size Clients Your Size

Clients size is Locked

About SaveDay Inc

SaveDay is an incredibly unique 401(k) provider: (1) SaveDay has absolutely zero employer costs, (2) we integrate with any willing payroll provider, (3) we prepare all your IRS reports (5500, 8955) all included, again without cost.

SaveDay provides secure and fully bundled plans that help the self-employed, small business owners, and their employees to save for their retirement. The methodology focuses on combining different assets in a portfolio to maximize estimated returns while reducing the level of risk. Employees receive free, high-quality, and personalized advice in choosing the best investment and retirement plans. Its features are attracting...
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Product Info
Company Overview

Founded

1891

Employees

7,228

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About Empower (Financial Services)

Built on a foundation of trust, integrity and promise, we proudly serve over 71,000 outstanding organizations and more than 17 million individuals. ¹ We take great pride in helping people with saving, investing and advice, while providing them with the tools and resources they need to help reach their financial goals. We’re continuing to grow — and innovate — every day.

Our mission is to empower financial freedom for all. That mission starts by delivering advice, personalized guidance and critical support. We strive to meet the unique needs of everyone we serve and embrace the opportunity to...
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Product Info

Min. Group Size

-

Lives Serviced

-

Average Cost

Average Cost is Locked

23 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

12 Specific Questions Specific Questions

Lock

Product Features

✓

Expert portfolio support  

✓

Investment management options   

✓

Fiduciary and trustee services 

✓

Investment library  

Product Description

Fiducient Advisors has significant expertise in advising defined contribution plans, which represent about two-thirds of our institutional client base. We believe the corporate defined contribution plan landscape is likely to continue evolving in... Show More
Company Overview
Product Info
Company Overview

Founded

1985

Employees

Funding Summary

None

Clients Your Size Clients Your Size

Clients size is Locked

About Newport Group

Newport Group has been acquired by Ascensus

Newport Group helps companies offer their employees a more secure financial future through retirement plans, insurance, and consulting services. Since 1985, we have been a growing and dynamic enterprise, providing solutions to some of the most respected companies in the United States, from small businesses to the Fortune 1000.
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Product Info

Min. Group Size

-

Lives Serviced

1,300

Average Cost

Average Cost is Locked

23 RFI Questions Get access to vendor answered question RFIs.

RFI questions number is Locked

12 Specific Questions Specific Questions

Lock

Product Features

Not Provided.

Product Description

Dramatic changes are taking place in the 401K marketplace and many sponsors are still unsure about how they are being impacted. The Unityy401(k) plan enables multiple organizations to band together into a single... Show More
Company Overview
Product Info
Company Overview

Founded

1994

Employees

193

Funding Summary

None

Clients Your Size Clients Your Size

Clients size is Locked

About NWPS

NWPS was started in 1994 to provide high-quality service for benefit plan sponsors, participants and advisors. We have no conflicts of interest with investments, insurance or other lines of business.

Services
Plan consulting and design
Recordkeeping and actuarial
Compliance and administration
Communication and participant services

We employ imaginative, creative, and practical approaches to meet client needs and address new developments. We work closely with our clients to ensure that their benefit plans are as efficient and effective as possible.
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Product Info
Company Overview

Founded

1983

Employees

Funding Summary

Clients Your Size Clients Your Size

Clients size is Locked

About PAi Retirement Services

PAi’s brand is built on company roots and values. Founder Michael Kiley started PAi in 1983 with the specific purpose of making affordable, best-in-class retirement plans available to American small business owners. At age 62, Michael’s father discovered his retirement plan wasn’t what he thought it was and he ended up working until
age 80 to provide for his retirement. It became clear to Michael that the system could, and should, work better for the average business owner and average employee.

PAi works with many partners—industry leaders, advocacy groups, government officials, business owners, and committed brands—to...
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Product Info
Company Overview

Founded

2005

Employees

Funding Summary

Clients Your Size Clients Your Size

Clients size is Locked

About ShareBuilder 401k

ShareBuilder 401k offers simple, low- cost 401(k) plans. We're here to help any business save more for retirement - from Solo 401(k)s to plans for 100 employees or more. Show More
Product Info
Company Overview

Founded

1996

Employees

250

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About The Retirement Advantage, Inc. (TRA)

As a national retirement services company, The Retirement Advantage (TRA) provides third party administration and fiduciary services to plan sponsors, financial advisors, wealth managers and businesses of all sizes. Our commitment to providing expert consultation, resources and exceptional customer service has positioned TRA as one of the largest, privately held third party administrators in the nation. We proudly serve more than 11,000 plan sponsors with more than $11 billion in retirement assets under our administration. You can count on us to deliver on time, on budget and with precise attention to detail.
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Product Info
Company Overview

Founded

1906

Employees

Funding Summary

Not Provided

Clients Your Size Clients Your Size

Clients size is Locked

About The Standard (Retirement)

StanCorp Financial Group, Inc., is a leading provider of financial products and services, including group and individual disability insurance, group life and AD&D, group dental and group vision insurance, absence management, retirement plans products and services, individual annuities, fixed-rate commercial mortgage loans and investment advice.

The Standard has been committed to customer service and financial strength since its founding as Oregon Life Insurance Company in 1906 in Portland, Ore. Today, The Standard has more than 40 offices across the country and over 3,000 employees. We provide financial services and products to approximately 6 million customers, in...
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Frequently Asked Questions

What is a 401(k)?

A 401(k) is a retirement savings plan named after the section of the Internal Revenue Code that oversees it. Its primary purpose is to facilitate saving for retirement. Employers commonly provide these plans to eligible employees as part of their benefits package.

How does 401(k) work?

Employees who enroll in a 401(k) commit to an automatically deposited percentage of each paycheck into an investment account. Employers may choose to match a portion of the contribution. Employees can select from various 401(k) plan investment options.

What is a Roth 401(k)?

A Roth 401(k) is a type of retirement savings plan that combines the features of a traditional 401(k) and a Roth IRA. It is named after Senator William Roth, who was instrumental in creating the legislation that made it possible. Unlike a traditional 401(k), where contributions are made with pre-tax income, contributions to a Roth 401(k) are made with after-tax income. It's essential to consider your current and future tax situation when deciding between a Roth 401(k) and a traditional 401(k). If you anticipate being in a higher tax bracket during retirement or want tax-free withdrawals, a Roth 401(k) might be more suitable.

How much can I contribute to my 401(k)?

Starting from January 1 to June 30, 2023, you can contribute up to $22,500 total to your retirement accounts. This limit also applies to 403(b) plans, most 457 plans, and certain other retirement plans.

Is 401(k) worth it?

Whether a 401(k) is worth it depends on various factors and individual circumstances. One significant advantage is the employer match, which can be considered "free money" and significantly boost retirement savings. The tax benefits of a traditional 401(k) can provide immediate tax savings, while a Roth 401(k) allows for tax-free withdrawals in retirement. Long-term savings and the convenience of automated contributions make it a popular retirement tool. Additionally, the portability of 401(k) funds allows for easy rollovers when changing jobs. However, limited investment options and early withdrawal penalties are potential downsides. Overall, if your employer offers a match and you have a long time horizon for retirement, a 401(k) can be a valuable tool. But assessing your financial situation and retirement goals is essential to determine the best approach, considering other options like IRAs. Seeking advice from a financial advisor can provide personalized guidance.

Can I contribute to 401(k) and IRA?

Yes, you can contribute to both a 401(k) and an Individual Retirement Account (IRA) simultaneously, subject to certain rules and contribution limits set by the IRS. Contributing to a 401(k) and an IRA can effectively diversify your retirement savings and take advantage of various tax benefits. It's essential to be aware of the contribution limits, tax implications, and other retirement savings options to make the best decision based on your individual financial situation and retirement goals.

Can You switch 401(k) Providers?

Yes, you can switch 401(k) providers, but the process and options may vary depending on your specific situation and employer's plan rules. If you change jobs, you can leave the funds in your current 401(k), transfer them to your new employer's plan (if allowed), or roll them over into an Individual Retirement Account (IRA). Some 401(k) plans may also offer an "in-service" rollover option, allowing you to transfer funds to an IRA while still employed. If your employer decides to change the entire company's 401(k) provider, they will communicate the transition details. When switching providers, it's crucial to understand any fees, investment choices, and administrative aspects.

What happens when a Company switches 401(k) Providers?

When a company switches 401(k) providers, several changes occur. The company will communicate the switch to all employees, providing details about the new provider and any relevant deadlines. Existing 401(k) accounts will be migrated seamlessly to the new provider, including the current balance and investment selections. Employees may need to review and update their investment choices based on the new plan's offerings. Administrative aspects, such as account management tools and customer service, may differ with the new provider. Employees should confirm or update beneficiary designations and understand any changes in contribution processes and employer match policies. Fees and expenses may also differ in the new plan, requiring careful review. Educational resources will be available to help employees make informed decisions. Overall, it's essential to review the information provided, attend informational sessions, and seek guidance from the new provider or a financial advisor to navigate the transition successfully.

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