Pay us for the work we do, not the assets we hold. Unlike other plans, Intuit 401(k) only charges fees for our plan administration and recordkeeping. We keep all fees visible and low.
Why we cost less: Minimal asset fees.
The money you put away for retirement is yours, not an opportunity for us to charge you more fees. Our pricing structure allows us to apply much lower asset fees (typically less than 1% vs. other providers’ 3-4%). It’s one of the main reasons Intuit 401(k) is the most affordable plan for a small business. So you and your employees can start a 401(k), then set-it-n-forget-it and keep more of your retirement savings.
The funny thing about asset fees.
While asset fees are usually the biggest cost for other
401(k) plans, they often aren’t listed in the monthly bill. You may not be aware of how much they are costing you. Left unchecked, fees could eat up a big chunk of your retirement savings.
How old school 401(k) plans make their money.
If you’re shopping for a 401(k), one of the first questions other 401(k) providers will ask is, “how much money do you have to invest?” Why is that? Often they’re primarily interested in the size of your current portfolio to gauge how much revenue they can collect from charging annual asset fees.
Most other 401(k) plans siphon up to 3-4% in asset fees annually. So, the bigger your investment portfolio (for instance, your growing retirement savings accounts) the more and more they can make.
Intuit 401(k) transparent pricing.
Our low fees are clear to see. Our transparent pricing shows how the Intuit 401(k) pricing is better for your small business.
How does Intuit 401(k) compare?
The annual average cost of common 401(k) plans based on a company with five employees.
Pricing Disclaimer.
The Intuit 401(k) is limited to new, first-time customers of The Online 401(k) and its affiliate companies. This special pricing program is not available to any company that has utilized the services of The Online 401(k) previously, or is currently utilizing or associated with any other company, including but not limited to those that are providing payroll or financial advisor services, that is currently considered a partner of The Online 401(k).
To qualify for this pricing program a company must: be an employer in the U.S.; have a valid U.S. billing address; have at least one non-owner employee who has received a W-2 Wage and Tax Statement; and possess a valid U.S. Federal Employer Identification Number (FEIN).
The delivery of The Online 401(k)’s services, including plan administration, participant statements, billing, and legislative updates and changes in policy and procedure, are web-based. Company must have internet access. Company must agree to the electronic delivery of The Online 401(k)’s services, and to adhere to administrative instructions regarding the maintenance of the retirement plan’s qualified status. Terms, conditions, features, availability, pricing, fees, and service and support options are subject to change without notice. The Online 401(k) is not a financial or legal advisor. Companies wishing to participate in this pricing plan, and its individual plan participants, should consult with an attorney, professional tax advisor and/or investment advisor before establishing or changing a 401(k) plan and/or underlying funding vehicles. For additional information about terms and conditions, please see The Intuit 401(k) Agreement for Services.
