No Fees 401k is a low priced 401k designed for owners of small (and very small) businesses. Its low 401k price is based solely on the number of employees on your payroll. 401k fees are never deducted or "skimmed" from participants’ 401k retirement assets. Nothing is deducted from your retirement assets, and nothing is ever deducted from your employees' retirement assets. The plan is quick and easy to set up, and No Fees 401k links directly with self-directed brokerages like Charles Schwab, providing 401k participants with unlimited investment options.
We were thinking of naming our 401k service the Low Price 401k because it's the lowest cost 401k available anywhere online.
Or we could have named it the Small Business 401k because its low price is based solely on the number of employees you hire; the value of plan assets is irrelevant.
We were considering the name 401k With No Fees because fees taken from 401k assets should be banned. According to non-profit AARP, fees skimmed from 401k participants' assets cause expensive, permanent, severe damage.
Self Directed 401k was under name consideration because participants control their 401k investments at established brokerages like Charles Schwab, Vanguard, and Fidelity, among others.
We could have named our unique retirement saving product the "Ikea 401k" because it's high-quality, low-priced, and sets up fast.
We almost settled on the name Try Before You Buy 401k because you, the small business owner, can test drive a No Fees 401k interactive online demo.
No Fees 401k is the "little brother" to 401k Easy. No Fees 401k has essential features at rock bottom prices. It's a complete, IRS-approved, "ready-to-use" 401k for price-sensitive small businesses.
401k Easy, No Fees 401k's "big brother" offers additional features for a slightly higher price.