Replace Your Fee-Based 401k With No Fees 401k

For converting existing 401k or another qualified retirement plan into a No Fees 401k

Note: Though SARSEPs have many 401k characteristics, including a payroll deduction feature, they cannot be converted to 401k plans under current IRS regulations.

* This field is required.

PART I: Company Information...
1.Will this be your company's first 401k plan, or are you replacing an already-existing plan?
2.Company name *
3.Contact person *
4.Title
5.Phone *
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7.E-mail *
8.Your 401k decision-making role
9.Company address
10.City
11.State
Zip Code
12.Company mail-to address
13.Federal ID Number
14.Date business commenced
15.Type of entity
Please indicate your company's type:
Is your company a member of a controlled group?
Is your company a member of an affiliated service group?
16.Number of full-time employees on payroll
17.Fiscal year on which business is run
18.Computer system
PART II: Plan Information...

Note: Complete the below ONLY if your company already has a retirement plan and will be having 401k replace that plan.
The 401k plan will be your company's first retirement plan ever, please use our New Plan Order Form instead of this Conversion Plan Order Form. Thank You.

19.Type of plan do you want converted into a No Fees 401k plan

20.Approximate size, in assets, of your existing plan

22.Existing plan's in-house Plan Administrator


,
.

23....and for your 401k plan

Will the same person serve as Plan Administrator for your 401k plan?

,
.
.

24.Existing plan's Trustee(s)

Please name your existing plan's Trustee(s), including his/her/their title(s) (such as "CFO"), as applicable:

Current plan's Trustee(s) phone number(s):

25....and for your 401k plan

Will the same person(s) serve as Trustee(s) for your 401k plan?

26.Compliance test history for your existing plan

Did your plan pass last year's compliance tests?

Does your plan limit the definition of Highly-Compensated Employees to "the top 20% of employees"?

Do you want to change this definition for your 401k plan?

Is your plan currently top-heavy?

27.5500 Series filing

28.Plan Year for your existing plan

On what Plan Year does your existing plan operate?

29.Plan inception date for your existing plan

When was your current plan established?

38.Employer contributions in your existing plan

Your company can contribute to plan participants' accounts in either (or both) of two ways:
(1) matching contributions and/or
(2) profit-sharing contributions. Matching contributions are defined in terms of participant contributions (e.g., 50¢ contributed by the employer for each dollar contributed by the plan participant), whereas profit-sharing contributions are tied to some other variable, such as compensation.

1) What MATCHING CONTRIBUTION formula is currently being used in your existing company plan?

2) Has your company made any PROFIT-SHARING CONTRIBUTIONS in your existing company plan?

39....and for your No Fees 401k plan

1) Do you want to use a different MATCHING CONTRIBUTION formula for your 401k plan?

2) Would your company like to have the option of being able to make DISCRETIONARY EMPLOYER CONTRIBUTIONS (i.e., profit-sharing contributions) to employees' accounts?

40.Vesting of employer contributions in your existing plan

1) What vesting formula is currently being applied to any EMPLOYER MATCHING CONTRIBUTIONS being made in your existing company plan?
2) What vesting formula is currently being applied to any EMPLOYER PROFIT-SHARING CONTRIBUTIONS being made in your existing company plan?

42.Loans

Does your existing plan currently allow for 401k loans? (click for more information)

44.Investments offered in your existing plan

Please list the investments currently being offered within your company plan:

47A.Is your current 401k a "Safe Harbor" plan?

48.Safe Harbor Designations

The IRS allows 401k plan sponsors an alternative to subjecting their 401k plans to annual discrimination testing. The safe harbor method of plan operation lets employers instead make certain contributions to the plan, with immediate vesting of the contributions to employees' 401k accounts. (click for more information)

Do you want to operate your No Fees 401k plan as a safe harbor 401k plan?

If you are choosing to operate your No Fees 401k plan as a safe harbor plan, which employer contribution formula would you like to employ?

If you are choosing to operate your No Fees 401k plan as a safe harbor MATCHING CONTRIBUTION plan, how often do you want your employer matching contributions to be made?

PART III: Purchase Information...

49.The price of your new No Fees 401k

(The 401k is licensed on a calendar year basis, which requires the purchase of a new license at the beginning of each calendar year)

1 eligible employee $ 335
2-4 eligible employees $ 430
5-10 eligible employees $ 620
11-15 eligible employees $ 760
16-20 eligible employees $ 940
21-25 eligible employees $ 1,085
26-30 eligible employees $ 1,260
31-35 eligible employees $ 1,445
36-40 eligible employees $ 1,670
41-45 eligible employees $ 1,875
46-50 eligible employees $ 2,000
50+ eligible employees $ 2,000 + $ 150 for every 5 additional employees
IRS-Approved 401k Prototype and Summary Plan Description Customized to the Client's Requirements
Live Online Plan Set-Up and Training for 401k Plan Sponsor 
Ongoing Telephone and Email Pension Rules Consulting and Support for 401k Plan Sponsor
401k Plan Compliance and Top-Heavy Testing Available Online at a Mouse Click
Secure Online 401k Account Management for Employer and Employees
Self-Directed 401k Brokerage with Commission-Free Stock Trading and No-Load Mutual Funds
Quick & Easy Conversion of a Participant's 401k to an IRA Rollover at Self-Directed Brokerage
Employer can Upload Payroll and Contribution Data and Authorize Purchases 24/7
Employer has Option of Sending a Printed Purchase Order with Contributions to Self-Directed Brokerage
401k is Eligible for Hardship Withdrawals
Self-Directed Brokerage Education, Assistance and Investment Selection for 401k Participants 24/7

50.FIRST-YEAR-ONLY setup fee

(Remember, this fee, unlike the above Annual Fee, is NONREFUNDABLE but generally tax-deductible. We encourage you to "test drive" No Fees 401k before you complete your purchase. Simply request a link to our online Demo to see for yourself how easy managing your company's 401k online can be.

51.TOTAL (system price + setup fee)

PART IV: Payment Preference...

52.NO PAYMENT IS DUE AT THIS TIME

We will contact you within 24 hours of receiving your order to confirm your designations and answer any questions you have.

Do you prefer to be contacted regarding your order by telephone or e-mail?

53.When your 401k representative calls you to go over any items about which you marked "Unsure..." and to collect additional information needed for your plan's official Summary Plan Description (SPD) and Prototype Plan Adoption Agreement, you will be able to pay your 401k customization fee using your Visa, Mastercard, or by check through the mail; there is a five-day holding period on all check orders.

As soon as we receive your payment we will customize your software, prepare official documents for your review, then set-up out your customized system. You can have your 401k up and running within the week.

PART V: How did you hear about "No Fees 401k"?

54.Before submitting your order form, please tell us how you learned about No Fees 401k

55.(OPTIONAL)

We have years of experience converting 401k plans from the following 401k providers. They all charge you, the employer, annual fees, and without exception they all deduct fees from employees’ 401k assets as part of their compensation. If you are considering leaving one of the providers listed, please let us know because this information will help speed-up the conversion process. We pledge that your information and intentions will be held in strictest confidence.

56.Agreement

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