Little Brother and Big Brother

No Fees 401k and 401k Easy

No Fees 401k is a perfect “starter” 401k for small business, at a rock-bottom price. It includes all essential features a small business 401k needs, including IRS-approved prototype documents customized to your company’s needs, online 401k compliance testing at the click of a mouse, and individual self-directed Charles Schwab 401k brokerage accounts for all your employees. The No Fees 401k Schwab self-directed accounts are free. They offer thousands of no-cost, no-load mutual funds, including Fidelity Funds and Vanguard Fund. The self-directed 401k accounts also include commission-free stock and bond trading, and our iron-clad guarantee of NO 401k fees, EVER. 401k fees will never be skimmed from your employees' 401k retirement savings, jeopardizing their retirement security.

401k Easy is No Fees 401k's "big brother" and is a more robust 401k offering. 401k Easy includes all the features of the No Fees 401k, and more, at a slightly higher price. Additional 401k Easy features include 401k loans, employer profit-sharing options, the ‘safe-harbor’ 401k option, IRS Form 5500-SF preparation and filing, the Roth 401k option, in-service distributions, and an expanded lineup of management and accounting reports.

No Fees 401k the "little brother" 401k Easy Plus the "big brother"
No Fees 401k and 401k Easy's experienced staff of 401k professionals guides the employer in designing a custom 401k plan based upon our IRS-approved 401k prototype. The No Fees 401k and 401k Easy prototype is fully supported and kept up-to-date, to conform to ever-changing IRS and ERISA rules and regulations. 401k prototype options can be changed by the company when its needs change; the company is never locked-in to a rigid plan.
No Fees 401k and 401k Easy are provided by Pension Systems Corporation, a 401k recordkeeper with over 30 years of professional experience setting up and maintaining 401k plans for small (and micro-sized) businesses. Our experienced staff will quickly set-up a new 401k and assist the Plan Sponsor in setting-up up its connection to the brokerage of its choice.
No Fees 401k and 401k Easy provide the Plan Sponsor with ongoing telephone and email support during normal business hours (EST).
No Fees 401k and 401k Easy provide the Plan Sponsor with real-time, online ADP and ACP compliance, 401k plan coverage, and top-heavy testing at the click of a mouse. If a test failure emerges, the Plan Sponsor can contact No Fees 401k and 401k Easy for guidance and support.
No Fees 401k and 401k Easy Plan Participants use a secure password-protected "gateway" to access and manage their 401ks. Participants have comprehensive "self-directed" control over their investment selections plus access to downloadable statements and reports.

The Plan Sponsor has secure access to every aspect of the company's 401k, including control of 401k plan assets held in custody, downloadable auditing and accounting reports, and running 401k compliance, coverage and top-heavy tests at the click of a mouse.
No Fees 401k and 401k Easy offer the small business owner his or her selection of self-directed brokerage accounts from top firms as Charles Schwab, Scottrade, E*Trade, Fidelity Investments, and Vanguard Investments. Most brokerages offer commission-free stock and bond trading and commission-free access thousands of no-load mutual funds, including the most popular Fidelity Funds and Vanguard Funds.
If a 401k Participant terminates employment, his or her self-directed brokerage can be quickly and easily converted to an IRA Rollover held at the same brokerage. This feature is popular with No Fees 401k and 401k Easy users because it maintains the Participant's current 401k investment options and protects the Participant's 401k retirement savings from state and federal taxes.
The Plan Sponsor quickly and easily uploads payroll and 401k contribution information to No Fees 401k and 401k Easy, and at his or her convenience, authorizes the transfer of the contributions to Participants' individual self-directed brokerage accounts.
No Fees 401k and 401k Easy make available online applications that provide high-caliber investment education and guidance in making 401k investment selections. These applications are a valuable free service provided by whichever brokerage the employer selects for the company's 401k.
No Fees 401k and 401k Easy protect the employer from ERISA 3(16) liability in the two areas where 401k-related lawsuits emanate. No Fees 401k and 401k Easy do not deduct or skim fees from participants' accounts. No Fees 401k and 401k Easy use self-directed brokerage accounts which offer unlimited investment options not pre-selected by the employer.
The government will, in most cases, subsidize 50% of No Fees 401k and 401k Easy's startup and annual renewal costs depending on the size of your plan and its features. This tax credit applies to all fees paid to No Fees 401k and 401k Easy for set-up and annual fees for years 1, 2, and 3. The maximum tax credit is $5,000 per year---after three years, it totals $15,000 in business tax credits.
401k Easy allows supplemental 401k contributions for persons age 55+
 
401K Easy IRS-approved prototype has an available Safe Harbor 401k option, making compliance tests unnecessary, and providing Participants with fully vested profit-sharing contributions, at a relatively modest cost to the employer.
 
The QACA (Qualified Automatic Contribution Arrangement) Safe Harbor requires the employer to automatically enroll all qualified employees in the company's 401k and make matching contributions, but at a lower rate than Traditional Safe Harbor 401k matching contributions.
 
Participants apply for 401k hardship withdrawals online. We alert Participants to the negative tax consequences and loss of investment compounding when money is withdrawn from 401k savings before retirement. 401k Easy documents and time-stamps all 401k hardship withdrawal applications. Documenting and time-stamping the application protects the company from liabilities or misunderstandings concerning the negative consequences 401k hardship withdrawals.
 
401k Easy allows the company to make fully-vested profit-sharing contributions to Participants on a totally discretionary, year-by-year basis. With the exception of safe-harbor 401k plans, the employer is never locked-in to a permanent profit-sharing arrangement.
 
401k is Eligible for Roth 401k  
401k is Eligible for 401k Loans  
Third-Party Payroll Integration manages all file formats exported from either online-based or PC-based payroll services.
 
401k Easy uses Charles Schwab as its default 401k asset brokerage. Schwab-based 401k Easy plans recieve this service automatically. Non-Schwab brokerages do not qualify for this feature, but 401k Easy 5500-SF Preparation & Filing clients will qualify. Please see www.401kfedforms.com for details.
 
Signature-Ready Form 5500-SF Preparation and Filing  
Signature-Ready Summary Annual Report  
401k is Eligible for In-Service Distributions  
Options Trading (ERISA Limits Apply)  
401k is Eligible for Vesting Profit-Sharing Contributions From 1 to 6 Years  
Backdoor Roth 401k (ERISA Limits Apply)