401(k)s for startups - how to choose the right provider
ForUsAll 401k Blog
by Dave Boudreau
1y ago
Need to choose a 401(k) for your startup? If you’re involved in running a startup, you know this better than anybody: Startups must continually fight for top talent. Your opponents in that fight include not just other startups, but all of the more established high-growth tech companies. They’re all around you. And they all want the same talent. Luckily, startup employees are a singular bunch, often motivated by the specifics of your mission, and willing to do without many of the perks offered by the larger employers in the space. They’ll bet on you, and expect that you will return the sentime ..read more
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Crypto 401(k) Plans: What You Need to Know in 2022
ForUsAll 401k Blog
by Dave Boudreau
1y ago
Are you an employee who wants access to crypto in your 401(k), or an employer who wants to provide crypto access through your company-sponsored 401(k) plan? If so, you've come to the right place. In this guide to crypto in a 401(k), we'll share the answers we’ve compiled to the most frequently asked questions on how to add Bitcoin and other cryptocurrencies to the 401(k). We'll walk you through what you need to know, along with the key considerations and risks. Spoiler alert: As the first 401(k) provider to enable access to crypto in a 401(k), we’ll draw on our own experience in this guide, a ..read more
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The Beginner's Guide to 401(k)s for Employers
ForUsAll 401k Blog
by Dave Boudreau
1y ago
To attract and retain the best employees, your business must provide a competitive benefits package. A 401(k) can be a valuable part of this package, especially since one-stop providers have made it easier and less expensive to offer these plans. If you’re weighing launching your own 401(k), this beginner’s guide covers the most important features to know along with the potential benefits for your employees and your growing business. If, after reading this, you decide to start your search for a 401(k) provider, take a look at this 401(k) Provider Comparison Worksheet – it will simplify what c ..read more
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Find the best 401(k) for you (+ 401(k) comparison spreadsheet)
ForUsAll 401k Blog
by Dave Boudreau
1y ago
A retirement plan is a complex benefit – with many moving parts. If you’ve started looking already, you may have learned by now that even the simplest 401(k) can be a proverbial Can of Worms. And, while you don’t need to understand everything in that Can to find the right 401(k), you most certainly do need to know which things are critical when trying to compare 401(k) providers. Do not despair: it’s possible to simplify the search and find the right 401(k) on your first try – with a little help from this resource, of course. 401(k) provider comparison worksheet template (spreadsheet) Your ul ..read more
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401(k) Shopping Guide: 15 Questions You Must Ask When Comparing 401(k) Plan Providers in 2022
ForUsAll 401k Blog
by Esther Kim
1y ago
So you’re shopping for an improved 401(k) plan, congrats! Whether you inherited a clunky plan from your predecessor or you’ve outgrown your current solution, there’s a lot to keep track of. The good news is with the Department of Labor cracking down on bad 401(k) providers, it’s easier now to identify the best 401(k) providers from the duds. Use this 401(k) shopping checklist and this 401(k) provider comparison worksheet to quickly identify winners and build a short list of your ideal providers. This guide will help you compare 401(k) plan providers and choose one that serves your n ..read more
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Everything You Need to Know About Safe Harbor 401(k)s in 2022
ForUsAll 401k Blog
by Evan Ross
1y ago
Welcome to our Safe Harbor 401(k) guide! I think you’ll agree with me when I say: Figuring out the best 401(k) for your business is REALLY hard. There are laws. There are regulations. There are a million different ways to design a 401(k) in 2022. You might’ve heard that Safe Harbor can be a good plan design, but you’re probably wondering: what the heck is a Safe Harbor 401(k)? How do I set one up, how do I calculate the costs associated with Safe Harbor, and is it right for my business? If you’re looking for answers to any of these questions, you’ve come to the right place. In this article, w ..read more
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401(k) RFP Template: Evaluate Top 401(k) Plan Providers Today
ForUsAll 401k Blog
by Evan Ross
1y ago
Looking to save time and make your 401(k) RFP (request for proposal) process easier? You’ve come to the right place! We put together a comprehensive, easy-to-use 401(k) RFP Template to save you time and allow you to easily compare providers side-by-side. This template includes the questions you need to ask, as well as editable fields for the provider to write their answers, so all you need to do is send it to the provider and then wait for the responses to roll in. What’s Included in this 401(k) RFP Template? Introduction: a brief overview on how to use the 401(k) RFP template and simple goal ..read more
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Who are the Best 401(k) Providers for Your Small Business in 2022?
ForUsAll 401k Blog
by Dave Boudreau
1y ago
Sounds like a simple question, right? Unfortunately, finding the answer is a lot harder than it should be. Evaluating 401(k) providers can be daunting for small businesses. The 401(k) industry is fragmented and complex. There are hundreds of different providers, many with different roles in servicing a 401(k). And traditionally, small business owners and their employees have gotten the short end of the stick. According to a study by BrightScope, the average small business pays 401(k) fees that are 5x higher than their Fortune 500 counterparts. Five. Times. Higher. If you ask us, that just isn ..read more
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What are 401(k) QNECs and QMACs? Definitions, How to Calculate Them, And How to Avoid Needing to Make Them
ForUsAll 401k Blog
by Evan Ross
1y ago
Realizing you need to make a qualified non-elective contribution (QNEC) or qualified matching contribution (QMAC) for your company-sponsored 401(k) plan isn’t a fun moment. Perhaps you ran the numbers and realized you are almost certainly going to fail your ADP or ACP test? Maybe you’re going over paperwork and noticed a detail that made your stomach drop. Somehow, an employee who was eligible for contribution to your company’s 401(k) wasn’t notified or given the opportunity. Either way, what you’ve found is a problem. Luckily, there’s a solution. Making a QNEC or QMAC can help you solve it ..read more
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What Employers Should Know Before Offering Cryptocurrency in the 401(k) Plan
ForUsAll 401k Blog
by David Ramirez
1y ago
Cryptocurrency is now widely recognized as its own asset class, and has the potential to provide material returns on investment as well as diversification benefits as part of a balanced investment portfolio. There’s a good chance many of your employees would like crypto as an option in your 401(k) plan. While the vast majority of 401(k) providers do not currently offer crypto just yet, the landscape is changing quickly. This is an investment you’ll soon be able to offer your employees. But managing a workplace retirement plan is about ensuring you have offered employees a reasonable range of ..read more
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