Go beyond a basic 401(k)

Go beyond a basic 401(k)

Give your employees more than just a 401(k), join the movement.

5 min read

ForUsAll on CNBC: Shaking Up the 401(k) Market

Healy Jones
August 16, 2016
ForUsAll on CNBC: Shaking Up the 401(k) Market
Table of contents

Major networks continue to cover how modern, tech-friendly 401(k) providers are squarely meeting the demand for low-cost, low-headache 401(k) plans.

CNBC Nightly Business News’ featuring top personal finance reporter Sharon Epperson discussed new players in the market and why employers were responding so favorably.

ForUsAll was on Epperson’s list of low-cost 401(k) providers who are “shaking up the 401(k) market” and changing the small business retirement plan landscape.

CNBC Nightly Business Report featuring ForUsAll

Epperson explained how the small business market is underserved by traditional 401(k) providers, saying, “this is a huge untapped market… that’s about 42 million people… only 14% of these small businesses actually sponsor retirement plans… so many workers who don’t have access to plans but need it.”

She concluded that the reason why a recent Brightscope study found companies were paying lower fees than before is “it’s those financial technology companies that are really being disruptive right now.”

We love it when host Tyler Mathisen says, while they are talking about the financial technology companies like ForUsAll, that “they are making it affordable to the employer.” So true!

Epperson leaves viewers with a handy list to evaluate one of the new, low-cost 401(k) providers:  

  • Look beyond the lower fees – what else are they providing? Is there financial education and will you received this from a certified license advisor?
  • Look at the company’s track record and ask for referrals.
  • Check the company’s funding.

We definitely agree with Sharon’s list, and are proud to satisfy her three additional points as a 401(k) provider to small businesses. Watch the report, we hope that you’ll agree with her, financial technology companies are changing the 401(k) market for the better!

Follow ForUsAll on Twitter to keep up with all of our news coverage and product updates. Update: ForUsAll was covered in Techcrunch, and also was reviewed on InvestorJunkie.

Go beyond a basic 401(k)
Give your employees more than just a 401(k), join the movement.
Author profile pic
About Author -
Healy Jones
Join our newsletter to stay up to date on features and releases.
By subscribing you agree to with our Privacy Policy and provide consent to receive updates from our company.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
This material has been prepared for informational and educational purposes only and should not be construed as a recommendation by ForUsAll, Inc., its affiliates or employees (collectively, “ForUsAll”)  to activate a cryptocurrency window or invest in crypto.  Investing in crypto can be risky and investors must be able to afford to lose their entire investment.  You should consult with your own advisers before activating a cryptocurrency window or investing in crypto.  ForUsAll does not provide legal, tax, or accounting advice. Please refer to your Plan's fee disclosure for more details.© 2023 ForUsAll, Inc. All rights reserved.
1 Schwab 2022 401(k) Participant Study - Gen Z/Millenial Focus, October 2022.
2 As of 12/31/2022. Employees include both current employees and terminated participants with a balance.
3 "Morgan Stanley At Work: The Value of a Financial Advisor" Morgan Stanley, March 2022.
4 Sarah Britton was a client when she provided this testimonial through an independent third party review website. She received no compensation for her remarks. There are no known conflicts of interest in the provision of her comments related to the services provided.