No Fees 401(k) is a low priced 401(k) designed for owners of small (and very small) businesses. Its low 401(k) price is based solely on the number of employees on your payroll. 401(k) fees are never deducted or "skimmed" from participants’ 401(k) 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 401(k) links directly with self-directed brokerages like Charles Schwab, providing 401(k) participants with unlimited investment options.
We were thinking of naming our 401(k) service the Low Price 401(k) because it's the lowest cost 401(k) available anywhere online.
Or we could have named it the Small Business 401(k) 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 401(k) With No Fees because fees taken from 401(k) assets should be banned. According to non-profit AARP, fees skimmed from 401(k) participants' assets cause expensive, permanent, severe damage.
Self Directed 401(k) was under name consideration because participants control their 401(k) investments at established brokerages like Charles Schwab, Vanguard, and Fidelity, among others.
We could have named our unique retirement saving product the "Ikea 401(k)" because it's high-quality, low-priced, and sets up fast.
We almost settled on the name Try Before You Buy 401(k) because you, the small business owner, can test drive a No Fees 401(k) interactive online demo.
No Fees 401(k) is the "little brother" to 401(k) Easy. No Fees 401(k) has essential features at rock bottom prices. It's a complete, IRS-approved, "ready-to-use" 401(k) for price-sensitive small businesses.
401(k) Easy, No Fees 401(k)'s "big brother" offers additional features for a slightly higher price.