Sometimes, reality hurts, which is never truer than considering the consequences of retiring without a retirement plan. But the reality is that fewer than half of individuals working for small businesses have a 401(k) or pension.
There are several reasons for this problem. First, companies with small budgets who want 401(k) plans have traditionally been ignored by 401(k) providers. Second, the complexity of offering a 401(k) plan has been too much for small companies to handle. And third, prominent 401(k) providers out-priced their product offerings, making them unaffordable to small companies.
But 401GO was founded to provide working Americans and small businesses greater financial freedom through inexpensive, worry-free, work-sponsored retirement plans.
401GO has made its mission to “ensure every American is ready for retirement…”
401GO is a custom-built 401(k) platform focused on automation and technology, which makes it easier and more affordable for companies to sponsor a 401(k) plan. Simply put, it reverses the hindrances to offering 401(k) plans that I elaborated on a few moments ago:
- 401GO puts plans in reach of all sizes of businesses
- 401GO’s powerful platform makes 401(k) plans simple to set up and administer
- Whether you are a single-owner business or a company of a hundred, 401GO’s pricing is affordable for everyone
Administering a 401(k) has never been easier. With 401GO’s innovative automated technology, a simple, affordable and beneficial 401(k) plan finally is practical for small businesses.
Busy work, data-entry errors and endless forms are virtually eliminated with 401GO’s platform. And 401GO helps with the annual administration, which includes all required notifications to employees participating and employers sponsoring the 401(k) plan, authorizing distributions and loans, and the required tax filing (Form 5500).
401GO also has a separate investment fiduciary that reviews and monitors investments within the 401(k) plan. In other words, 401GO provides full service to make 401(k) plans easy.
All the automation 401GO offers not only streamlines the process and reduces your time spent, but also results in efficiency and savings. Those savings will make your 401(k) the least costly. That’s a direct saving to you that can bolster your own savings goal.
401GO has made its mission to “ensure every American is ready for retirement.” It realizes it cannot do it alone. That’s why 401GO understands the critical role partners play in helping businesses with their 401k.
The 401GO Partner-based model makes it easy for partners to focus on service rather than paperwork, billing and the hassles of traditional plans. In addition, 401GO wants every one of its plans to be supported by a local partner. If it gets a plan not referred from a partner, it tries to pair it up with one of its trusted partners.
That’s why 401GO makes it easy for accountants, bookkeepers and ProAdvisors to partner with them to help clients offer 401(k) plans.
If you want more information about 401GO and how you can Partner to make 401(k) plans available as part of your practice, head to the 401GO website for more details.
Footnotes and Disclosures:
Portions of this feature, including graphical artwork contained therein, have been adapted from content used on the 401GO website. 401GO and the 401GO logo are registered trademarks of 401GO, Inc. All such source materials within this Insightful Accountant feature were adapted and are furnished solely for educational purposes.
401GO Inc. is a privately held corporation, founded in 2019, with headquarters in West Jordan (greater Salt Lake City area), Utah, USA.
Any or all other trade names used herein, including any other vendor (app/software) products discussed within this article, may be registered, trademarked or otherwise held by their respective owners and are hereby so acknowledged. They are referenced for informational and educational purposes only.
This is an editorial feature, not sponsored content. None of the vendors within this article have paid Insightful Accountant or the author any form of remuneration to be included within this feature. The article is provided solely for informational and educational purposes.
The publication of this article, nor the inclusion of this product within the related series, does not represent any form of endorsement by either the author or Insightful Accountant.
Note: Registered Trademark ® symbols have been eliminated from the articles within this publication for purposes of brevity due to the frequency or abundance with which they would otherwise appear or be repeated. Every attempt is made to credit such trademarked products within our respective article footnotes and disclosures.
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