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Easy and
surprisingly affordable
surprisingly affordable
Low monthly fees
Plans start at just $75/mo (see below)
$495 set-up fee
And great tax savings
Employee paid fees
Other company fees (if applicable)
Tax benefits and employee retention
Notes
$495 set-up fee
And great tax savings
- Tax credits may offset your plan costs by up to $500/year for the first 3 years if this is your company’s first 401(k) plan.1
- Plan expenses & contributions are tax deductible.1
- Plan participants can save up to $4,125 in Federal income taxes.2
| No. of Employees | Monthly Administration Fee3 | One-Time Setup Fee |
| 2–10 | $75 | $495 |
| 11–25 | $95 | $495 |
| 26–50 | $125 | $495 |
| Over 50 | $150 | $495 |
Employee paid fees
| Type of Fee | Frequency | Amount |
| Participant Fee | Monthly | $3, not to exceed 1% of participant’s annual balance |
| Fund Fees | Quarterly | Vary4 |
| Distributions | Per distribution | $95 |
| Loans | Annually | $90 |
Other company fees (if applicable)
| Type of Fee | Frequency | Amount |
| Conversion Fee (applies only to companies converting a pre-existing company 401(k) plan) | One-time | $1,000 |
| Plan Termination | One-time | $1,000 |
| Extraordinary Services | Per hour | $175 |
Tax benefits and employee retention
| For Your Business | For You |
| Tax benefits for your business. 1. If this is your company’s first 401(k) plan, it may qualify for a tax credit of up to $500/year for the first three years of the plan2. 2. All employer contributions to employee accounts are tax-deductible. |
Tax benefits for you. Taxes on participant contributions are deferred until distributed. This means if you personally contribute $16,500 to the plan, you may be eligible to save up to $4,1252 in federal personal income taxes. |
| Attract and retain employees. A 401(k) plan has become a “must-have” benefit for recruiting and keeping employees. |
Ability to save the maximum. No other type of retirement plan allows you save as much pretax income each year as a 401(k) plan ($16,500 for 2010, or $22,000 if age 50 or over). |
Notes
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 W2 Wage and Tax Statement; 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 plans’ 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.
1 Your business must have at least one employee, other than you as the owner, who earns less than $106,000 a year to qualify for a tax credit. The tax credit is equal to 50% of administration and setup charges for your 401(k) not to exceed $500 (www.irs.gov/pub/irs-utl/egtrra_law.pdf, p. 73).
2 2010 contribution limit tax-deferred into a 401(k) plan is $16,500 ($22,000 for those over 50 years of age). Savings calculation assumes you are in 25% tax bracket (www.irs.gov/retirement/sponsor/article/0,,id=151800,00.html).
3 Billed quarterly.
4 The funds that MIS utilizes have internal costs (fund expense ratios) ranging from 0.44% to 1.44% annually. Overall, the weighted average expense ratio of the MIS models range from 0.64% to 0.90% annually. In addition, MIS charges an annual asset management fee of 0.25% of plan assets to cover the cost of selecting and monitoring funds. Participant accounts will be assessed quarterly.
1 Your business must have at least one employee, other than you as the owner, who earns less than $106,000 a year to qualify for a tax credit. The tax credit is equal to 50% of administration and setup charges for your 401(k) not to exceed $500 (www.irs.gov/pub/irs-utl/egtrra_law.pdf, p. 73).
2 2010 contribution limit tax-deferred into a 401(k) plan is $16,500 ($22,000 for those over 50 years of age). Savings calculation assumes you are in 25% tax bracket (www.irs.gov/retirement/sponsor/article/0,,id=151800,00.html).
3 Billed quarterly.
4 The funds that MIS utilizes have internal costs (fund expense ratios) ranging from 0.44% to 1.44% annually. Overall, the weighted average expense ratio of the MIS models range from 0.64% to 0.90% annually. In addition, MIS charges an annual asset management fee of 0.25% of plan assets to cover the cost of selecting and monitoring funds. Participant accounts will be assessed quarterly.
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