#Safe harbor plan full#

Employers can also choose to enter payroll manually. Payroll integration: ShareBuilder integrates with many of the best payroll service providers, including ADP, Paychex, Paylocity and Zenefits.This feature is unique among the brands we reviewed. Automatic discounts: ShareBuilder 401k automatically adjusts administrative costs and management fees based on the total number of participating employees and total plan assets.Compliance and recordkeeping: ShareBuilder provides a fully administered solo 401(k) plan, including IRS Form 5500, as well as signature-ready Forms 5500 for other plan types.

#Safe harbor plan full#

ShareBuilder is competitive with ADP on this front, as both brands offer options with full administration. Plan administration: ShareBuilder’s solo 401(k) is fully administered, while other plan types include ongoing investment roster management, such as ERISA 3(38) coverage.They all come with a range of services and features, such as investment management, payroll integration and online resources. Each of these tiers is available for a flat monthly administration fee. Instead, employers can choose from four types of 401(k) plans: solo, safe harbor, traditional and tiered profit-sharing. Unlike some top employee retirement providers, ShareBuilder does not offer multiple service tiers. Read our Human Interest review to learn why we think you get the most value for your dollar with this vendor. Although both brands are competitively priced, Human Interest’s cost-saving efforts extend beyond low fees. It’s worth noting that ShareBuilder 401k is our top pick for low fees, whereas Human Interest is our top pick for affordability.

Sometimes, increases in plan participants can also lower your pricing. Additionally, through ShareBuilder 401(k)’s automatic pricing discounts, your investment and administrative fees decrease as your employees’ invested assets increase. This is in addition to its very low starting cost of $25 per month for solo 401(k) plans and $95 per month for companies with employees.

ShareBuilder 401k is a great choice for low-fee plans because it keeps investment fees below 1%. Integration with HR and payroll tools 9/10 Why ShareBuilder 401k Is Best for Low Investment Fees