Sharebuilder 401k http://www.sharebuilder401k.com
401k Easy Online http://www.401k-easy-online.com
Also would welcome any other recommendations you have experience with.
Tip: Narrow your list of providers to three providers that offer the index funds that you want in the plan. Next, choose the provider that has the lowest cost.
Or, using the providers you mentioned, show us a side by side comparison complete with costs and the index funds you want to use in the plan.
I am in the process of gathering the info on each plan - most of which I can get from their websites, but I want to talk with each one to get some feel for their customer service/responsiveness. So far, I've spoken with EF and with Sharebuilder. I must say the rep at SB has been very responsive, returning the info I've queried via email (after our initial phone conversation) promptly and explicitly. Will query Costco/online401k this week. I've also looked at BenefitGuard website - nice presentation, but not much detail, although they provide access to all major index fund groups (SB and Costco offer only ETFs) and one service they list is not only preparing the 5500, but also signing and submitting it (? "complete 3(38) service") whereas others will prepare the 5500 for us then to sign. Do you know BenefitGuard? I can't find much via Google, other than they used to be G Fiduciary [OT comment removed by admin LadyGeek].
Caboose wrote:Do you know BenefitGuard?
No, but on the surface they look competive, and they claim that they don't have any hidden fees.
Employee Costs at BenefitGuard
Monthly Fee: $16.00
Average Investment Portfolio Expense Ratio: 0.24%
Investment Mgmt. & Custodial Fees: 0.04%
Independent Fiduciary Protection: 0.55%
Total Annual Cost on $75,000 balance: $813.00
Employer Costs at BenefitGuard
Ongoing Annual Costs: $0.00
One-Time Setup and Conversion Fee: $0.00
First Time Tax Credit: ($0.00)
Total Setup Fees: $0.00
Again, you won't know which provider is right for your company until you do a side by side comparison that shows what matters most to you in a plan.
First, compare investments and costs because nothing is more important than investment performance after costs.
Next, compare annual costs for the employees because you want happy employees.
Next, compare annual costs for the employer.
Next, compare anything else that's important to you.
Edited on 02.11.2011 to correct a typographical error.
It is like brokerage account and hence can purchase anything that fidelity offers. Smaller contribution limits but literally no paper work. 3 step contribution by employer into employee accounts each payroll.
Who is online
Users browsing this forum: antitelephonic, BigJohn, billfromct, Bing [Bot], Bogle_Feet, cathyr, Da5id, DSInvestor, Hogfish, jbran99, KyleAAA, Morik, mspadorchard, namenloseblonde, njboater74, NotWhoYouThink, packet, RTG16, Svensk Anga, Tyler9000, UncleBen, usurp31, vtMaps, Yahoo [Bot] and 89 guests