A 401(k) plan is a type of retirement savings plan that allows employees to contribute a portion of their income to a tax-deferred account. By offering a 401(k) plan, your company can attract and retain employees, provide a valuable benefit, and potentially reduce taxes.
The costs of offering a 401(k) plan can include administrative and recorkeeping fees, investment management fees, and advisory fees.
The ForUsAll 401(k) has a $120/mo. base fee, a $6/mo. participant fee and asset fees that range from 0.40% annual asset fee.
ForUsAll charges advisory fees between 0.20% and 0.40%, depending on the total size of the plan.
ForUsAll can help by: (1) fully integrating the 401(k) with your payroll; (2) automating the day-to-day administrative work, including signing the form 5500; (3) providing a broad range of help to employees; and (4) providing a range of self-directed windows to give employees more choice and flexibility.
You can easily setup a 401(k) with ForUsAll in 3 simple steps: (1) open an account; (2) customize your plan and integrate your payroll in a few clicks; (3) Go live.
Employers have three options: (1) adopt the ForUsAll core menu of mutual funds which ForUsAll has carefully selected; (2) Work with ForUsAll to customize the core menu; (3) add a self-directed brokerage and/or crypto window which allow employees to go beyond the standard investment menu.
ForUsAll will automate the day-to-day administrative work, provides both investment and administrative fiduciary services and provides help to your employees. Your role will be to monitor ForUsAll as your service provider which we make easy with quarterly 401(k) committees.
An Advisor can play an important role in helping clients choose the right 401(k) solution and investment options, as well as providing ongoing support and advice. Advisors can also use your 401(k) solutions as a way to diversify their offerings and attract new clients.
A 401(k) is a type of retirement savings plan that allows employees to contribute a portion of their income to a tax-deferred account. The contributions, along with any investment gains, can then be used to provide income during retirement.
Eligibility requirements vary between 401(k) plans, but generally employees who meet certain age and service requirements can enroll in the plan. Some plans may also have limits on how much you can contribute.
The maximum contribution limit for 401(k) plans is set by the government and is subject to change each year. In 2022, the limit is $19,000, or $25,000 if you're 50 or older.
Enrolling in a 401(k) plan is typically done through your employer's HR or benefits department. They can provide you with information on how to enroll, what investment options are available, and how to make contributions.
Your contributions to a 401(k) plan can be invested in a variety of financial products, such as stocks, bonds, and mutual funds. The specific investment options available to you will depend on your employer's 401(k) plan.
Yes, you can usually change your investments within your 401(k) plan. This can typically be done online or through your employer's HR or benefits department.
In general, you can start withdrawing money from your 401(k) plan once you reach age 59 1/2. However, there may be penalties for withdrawing money before reaching this age.
Some 401(k) plans allow you to take a loan from your account. The specific loan terms and requirements will depend on your employer's plan. You can usually find information on taking a loan from your 401(k) plan through your employer's HR or benefits department.
The ForUsAll 401(k) is best suited for companies setting up a new 401(k) plan or looking to change their current 401(k) provider.
The ForUsAll 401(k) offers more investment choices with self-directed windows, which can provide employees with more opportunities for growth. It also has payroll integration and automated administration features that can save time and reduce errors. Additionally, ForUsAll includes an advisor for employees to help them grow their retirement savings, as well as fiduciary protection to protect the company.
Yes, you can work with ForUsAll to customize your investment menu and/or add self-directed windows which allow employees to go beyond the core menu to invest in any a broad range of stocks, bonds, mutual funds, ETFs or cryptocurrencies that are available in the windows.
ForUsAll's payroll integrations streamline the 401(k) contribution process by automatically deducting contributions from employees' paychecks and depositing them into their 401(k) accounts. This can save time and reduce errors.
ForUsAll's can provide holistic financiall wellness and 401(k) advice to your employees via 1:1 advisory sessions, webinars alongside a broad range of personalized communications and online tools.
ForUsAll offers fiduciary protection to help protect the company from legal and financial responsibility for the 401(k) plan. This includes providing the necessary support and resources to ensure plan compliance, as well as helping to manage investment risks and protect employee benefits.
RK is Recordkeeping and TPA stands for Third-Party Administration. These are services that help manage the administrative and compliance responsibilities of a 401(k) plan, such as processing contributions and withdrawals, preparing required reports, and ensuring plan compliance.
Advisor+ is best for companies looking to upgrade their current 401(k) plan and lower costs without changing providers.
Advisor+ is designed to work with your existing 401(k) provider, making it easy to upgrade your plan and take advantage of its features without having to change providers.
ForUsAll's payroll integrations streamline the 401(k) contribution process by automatically syncing payroll with your recordkeeper, saving time and reducing errors. No more manually updating savings rates or loans in payroll. No more manually uploading payroll files.
ForUsAll's can provide holistic financiall wellness and 401(k) advice to your employees via 1:1 advisory sessions, webinars alongside a broad range of personalized communications and online tools.
ForUsAll offers fiduciary protection to help protect the company from legal and financial responsibility for the 401(k) plan. This includes providing the necessary support and resources to ensure plan compliance, as well as helping to manage investment risks and protect employee benefits.
ForUsAll can help negotiate lower recordkeeping fees by obtaining competitive quotes from leading 401(k) recordkeeping platforms. ForUsAll can then directly negotiate with your provider on your behalf to help ensure you get competitive fees for your plan.
ForUsAll offers fiduciary protection to help protect the company from legal and financial responsibility for the 401(k) plan. This includes providing the necessary support and resources to ensure plan compliance, as well as helping to manage investment risks and protect employee benefits.
ForUsAll has no investment minimums, offers direct investment access to multiple cryptocurrencies in the 401(k), and provides ongoing customer support. Our user interface is simple, and increases the options for investors to diversify their retirement nest egg. Because of our integration with Coinbase Institutional, you don’t have to go through the hassle of choosing an exchange or creating a wallet.
We currently support the following crypto tokens for trading: BTC, ETH, USDC, DOT, SOL, ADA, SOL and will be supporting the CoinDesk Market Select Index soon.
You can transfer up to 5% of your 401(k) balance to cryptocurrency. You can set ongoing contributions to the Self-Directed Crypto Window, at up to 5% of your 401(k) contributions. Once the funds are transferred into the crypto window, the allocation will show up as “Buying Power,” which you can then use to buy crypto.
You can make contributions on a pre-tax or post-tax (Roth) basis and elect to have part of that contribution go directly to the Self-Directed Crypto Window.
At ForUsAll, we believe that diversification is critical to an appropriately balanced retirement portfolio. Our crypto 401(k) solution provides access to wide range of cryptocurrencies, as opposed to just Bitcoin. Additionally, our solution does not put cryptocurrency in the core investment menu. Instead, we make crypto access available via a self-directed crypto window designed for sophisticated investors. Participants can only access that window after going through comprehensive risk disclosures. Lastly, we set a default cap of 5% for crypto allocations, and send proactive portfolio alerts when allocations exceed that range. This gives employees the option to reinvest crypto into traditional asset classes.
Custody and administration fee: A monthly fee of 0.083% of the average daily balance in the crypto window once the crypto window. This fee will be billed quarterly. Plan services fee: In addition to the 1% annual custody and administration fee, the employee will continue to pay a plan services fee on the assets they hold in the Self-Directed Crypto Window. Cryptocurrency trades: When you place a trade, you will be charged a trading fee that is based on the monthly trading volume of all of ForUsAll’s clients during the prior month. The maximum trading fee is 0.15%.
Cryptocurrency is stored digitally. When cryptocurrency is stored on a device or account that is connected to the network, that is a “hot wallet.” When cryptocurrency is stored on devices that are completely disconnected from any networks, that is “cold storage.” It is not connected to a network and it is safer, because hackers can’t hack the network to gain access to it. All cryptocurrency is held in cold storage for security after each trade.
You do not need to keep track of keys. Our Self-Directed Crypto Window is powered by Coinbase Institutional Custody. Coinbase will keep keys for you. You simply log in to www.ForUsAll.com to access your Self-Directed Crypto Window.
No, there is no minimum deposit required by ForUsAll. This means you can trade or invest as little as you want.
You can roll over your existing 401(k) assets to ForUsAll’s Alt401(k).
If your employer already has their 401(k) plan with ForUsAll, they can reach our customer success team to activate the Self-Directed Crypto Window. If your employer doesn’t use ForUsAll for their 401(k), but you’d still like access to crypto, contact us and we’ll get in touch with your employer.
PEOs can work with ForUsAll to provide a turnkey, fully automated 401(k) to their clients. ForUsAll can integrate with your current process and payroll providing a seamless experience for your employer and employee clients.
Yes, Accountants can offer ForUsAll solutions to their clients as a way to provide additional value and diversify their services. Accountants can help clients with plan setup, investment selection, and ongoing support.
That depends on the level of involvement that our partners want to play. Some partners want to simply refer their clients ForUsAll, while others want to play active roles in setting up the 401(k), customizing investment menus and plan design and want to be the face of the 401(k) on an ongoing basis. We can faciltate both.
Each partner client receives a dedicated team and Relationship Manager to support your account and all clients, as well as access to dashboards and reports for their client's 401(k) plans.
Our platofrm allows you to insert your own fees on top of the platform. ForUsAll collects those fees on your behalf quarterly and distributes to you
A safe harbor plan is a type of 401(k) where employers commit to a minimum employer contributions in exchange for automatically passing key IRS non-discrimination tests. With a safe harbor plan, employers can choose to offer a match (typically 4%) or non-elective contribution of 3%.
Basically, you have three options for safe harbor contributions: (1) Basic match; (2) Enhanced match; or (3) Non-elective. With the basic match, the company matches up to 4% of eligible employee pay in tiers. You match 100% on the first 3% employees contribute, plus 50% match on the next 2% they defer. For example, if an employee earns $50,000 and saves 4% of their pay ($2,000), you will first match 100% of the first 3% they saved ($50,000 x 3% x 100%=$1,500) plus 50% on the next 1% they save ($50k x 1% x 50%=$250). The total match would be $1,750 ($1800 + $300). Great for Companies on a budget that expect low participation. With an enhanced match, the company matches at least 100% of the first 4% that employees contribute. You can increase your match rate as high as you’d like (e.g., 200% of employee contributions) but you can’t require employees to save more than 6% of their pay to get the full match. Enhanced matches are great for companies looking to attract and retain top talent. With a nonelective Safe Harbor, the company contributes 3% or more of each employee’s pay, regardless of whether or not the employee saves in the plan. For example, if an employee makes $70,000, you will have to contribute $2,100 even if they don’t save anything in the plan. A non-elective is great for companies on a budget that expect high participation or owners that want to maximize tax-savings by adding a profit-sharing plan.
First, Secure Act 2.0 provides valuable tax credits which may cover all of the admin fees and up to $1k per employee that receives a contribution. Second, you can require employees to work at the company for a year before they are eligible for the company contribution. Lastly, consider the non-elective - which is cheaper than the basic match when participation is above 75%.
The basic match, enhanced match and nonelective contributions all must vest immediately. That said, you can make additional contributions (profit-sharing or match) with vesting schedules as long as 6 years.
Safe harbor contributions allow employers to automatically pass the actual deferral percentage test (ADP test) and the actual contribution percentage test (ACP test) if only safe harbor contributions are made. You may also automatically meet the top-heavy requirements.
If you are starting a new safe harbor plan with a match, employees need to be able to contribute at least 3 months - so set up the plan in September to be safe so that it is live by 10/1. If you are starting a non-elective safe harbor you have until December 1 to start the plan. However, if you are modifying an existing plan, you must amend your existing plan and send notices by 12/1.
A 401(k) plan is a type of retirement savings plan that allows employees to contribute a portion of their income to a tax-deferred account. By offering a 401(k) plan, your company can attract and retain employees, provide a valuable benefit, and potentially reduce taxes.
The costs of offering a 401(k) plan can include administrative and recorkeeping fees, investment management fees, and advisory fees.
The ForUsAll 401(k) has a $120/mo. base fee, a $6/mo. participant fee and asset fees that range from 0.40% annual asset fee.
ForUsAll charges advisory fees between 0.20% and 0.40%, depending on the total size of the plan.
ForUsAll can help by: (1) fully integrating the 401(k) with your payroll; (2) automating the day-to-day administrative work, including signing the form 5500; (3) providing a broad range of help to employees; and (4) providing a range of self-directed windows to give employees more choice and flexibility.
You can easily setup a 401(k) with ForUsAll in 3 simple steps: (1) open an account; (2) customize your plan and integrate your payroll in a few clicks; (3) Go live.
Employers have three options: (1) adopt the ForUsAll core menu of mutual funds which ForUsAll has carefully selected; (2) Work with ForUsAll to customize the core menu; (3) add a self-directed brokerage and/or crypto window which allow employees to go beyond the standard investment menu.
ForUsAll will automate the day-to-day administrative work, provides both investment and administrative fiduciary services and provides help to your employees. Your role will be to monitor ForUsAll as your service provider which we make easy with quarterly 401(k) committees.
An Advisor can play an important role in helping clients choose the right 401(k) solution and investment options, as well as providing ongoing support and advice. Advisors can also use your 401(k) solutions as a way to diversify their offerings and attract new clients.
A 401(k) is a type of retirement savings plan that allows employees to contribute a portion of their income to a tax-deferred account. The contributions, along with any investment gains, can then be used to provide income during retirement.
Eligibility requirements vary between 401(k) plans, but generally employees who meet certain age and service requirements can enroll in the plan. Some plans may also have limits on how much you can contribute.
The maximum contribution limit for 401(k) plans is set by the government and is subject to change each year. In 2022, the limit is $19,000, or $25,000 if you're 50 or older.
Enrolling in a 401(k) plan is typically done through your employer's HR or benefits department. They can provide you with information on how to enroll, what investment options are available, and how to make contributions.
Your contributions to a 401(k) plan can be invested in a variety of financial products, such as stocks, bonds, and mutual funds. The specific investment options available to you will depend on your employer's 401(k) plan.
Yes, you can usually change your investments within your 401(k) plan. This can typically be done online or through your employer's HR or benefits department.
In general, you can start withdrawing money from your 401(k) plan once you reach age 59 1/2. However, there may be penalties for withdrawing money before reaching this age.
Some 401(k) plans allow you to take a loan from your account. The specific loan terms and requirements will depend on your employer's plan. You can usually find information on taking a loan from your 401(k) plan through your employer's HR or benefits department.
The ForUsAll 401(k) is best suited for companies setting up a new 401(k) plan or looking to change their current 401(k) provider.
The ForUsAll 401(k) offers more investment choices with self-directed windows, which can provide employees with more opportunities for growth. It also has payroll integration and automated administration features that can save time and reduce errors. Additionally, ForUsAll includes an advisor for employees to help them grow their retirement savings, as well as fiduciary protection to protect the company.
Yes, you can work with ForUsAll to customize your investment menu and/or add self-directed windows which allow employees to go beyond the core menu to invest in any a broad range of stocks, bonds, mutual funds, ETFs or cryptocurrencies that are available in the windows.
ForUsAll's payroll integrations streamline the 401(k) contribution process by automatically deducting contributions from employees' paychecks and depositing them into their 401(k) accounts. This can save time and reduce errors.
ForUsAll's can provide holistic financiall wellness and 401(k) advice to your employees via 1:1 advisory sessions, webinars alongside a broad range of personalized communications and online tools.
ForUsAll offers fiduciary protection to help protect the company from legal and financial responsibility for the 401(k) plan. This includes providing the necessary support and resources to ensure plan compliance, as well as helping to manage investment risks and protect employee benefits.
RK is Recordkeeping and TPA stands for Third-Party Administration. These are services that help manage the administrative and compliance responsibilities of a 401(k) plan, such as processing contributions and withdrawals, preparing required reports, and ensuring plan compliance.
Advisor+ is best for companies looking to upgrade their current 401(k) plan and lower costs without changing providers.
Advisor+ is designed to work with your existing 401(k) provider, making it easy to upgrade your plan and take advantage of its features without having to change providers.
ForUsAll's payroll integrations streamline the 401(k) contribution process by automatically syncing payroll with your recordkeeper, saving time and reducing errors. No more manually updating savings rates or loans in payroll. No more manually uploading payroll files.
ForUsAll's can provide holistic financiall wellness and 401(k) advice to your employees via 1:1 advisory sessions, webinars alongside a broad range of personalized communications and online tools.
ForUsAll offers fiduciary protection to help protect the company from legal and financial responsibility for the 401(k) plan. This includes providing the necessary support and resources to ensure plan compliance, as well as helping to manage investment risks and protect employee benefits.
ForUsAll can help negotiate lower recordkeeping fees by obtaining competitive quotes from leading 401(k) recordkeeping platforms. ForUsAll can then directly negotiate with your provider on your behalf to help ensure you get competitive fees for your plan.
ForUsAll offers fiduciary protection to help protect the company from legal and financial responsibility for the 401(k) plan. This includes providing the necessary support and resources to ensure plan compliance, as well as helping to manage investment risks and protect employee benefits.
ForUsAll has no investment minimums, offers direct investment access to multiple cryptocurrencies in the 401(k), and provides ongoing customer support. Our user interface is simple, and increases the options for investors to diversify their retirement nest egg. Because of our integration with Coinbase Institutional, you don’t have to go through the hassle of choosing an exchange or creating a wallet.
We currently support the following crypto tokens for trading: BTC, ETH, USDC, DOT, SOL, ADA, SOL and will be supporting the CoinDesk Market Select Index soon.
You can transfer up to 5% of your 401(k) balance to cryptocurrency. You can set ongoing contributions to the Self-Directed Crypto Window, at up to 5% of your 401(k) contributions. Once the funds are transferred into the crypto window, the allocation will show up as “Buying Power,” which you can then use to buy crypto.
You can make contributions on a pre-tax or post-tax (Roth) basis and elect to have part of that contribution go directly to the Self-Directed Crypto Window.
At ForUsAll, we believe that diversification is critical to an appropriately balanced retirement portfolio. Our crypto 401(k) solution provides access to wide range of cryptocurrencies, as opposed to just Bitcoin. Additionally, our solution does not put cryptocurrency in the core investment menu. Instead, we make crypto access available via a self-directed crypto window designed for sophisticated investors. Participants can only access that window after going through comprehensive risk disclosures. Lastly, we set a default cap of 5% for crypto allocations, and send proactive portfolio alerts when allocations exceed that range. This gives employees the option to reinvest crypto into traditional asset classes.
Custody and administration fee: A monthly fee of 0.083% of the average daily balance in the crypto window once the crypto window. This fee will be billed quarterly. Plan services fee: In addition to the 1% annual custody and administration fee, the employee will continue to pay a plan services fee on the assets they hold in the Self-Directed Crypto Window. Cryptocurrency trades: When you place a trade, you will be charged a trading fee that is based on the monthly trading volume of all of ForUsAll’s clients during the prior month. The maximum trading fee is 0.15%.
Cryptocurrency is stored digitally. When cryptocurrency is stored on a device or account that is connected to the network, that is a “hot wallet.” When cryptocurrency is stored on devices that are completely disconnected from any networks, that is “cold storage.” It is not connected to a network and it is safer, because hackers can’t hack the network to gain access to it. All cryptocurrency is held in cold storage for security after each trade.
You do not need to keep track of keys. Our Self-Directed Crypto Window is powered by Coinbase Institutional Custody. Coinbase will keep keys for you. You simply log in to www.ForUsAll.com to access your Self-Directed Crypto Window.
No, there is no minimum deposit required by ForUsAll. This means you can trade or invest as little as you want.
You can roll over your existing 401(k) assets to ForUsAll’s Alt401(k).
If your employer already has their 401(k) plan with ForUsAll, they can reach our customer success team to activate the Self-Directed Crypto Window. If your employer doesn’t use ForUsAll for their 401(k), but you’d still like access to crypto, contact us and we’ll get in touch with your employer.
PEOs can work with ForUsAll to provide a turnkey, fully automated 401(k) to their clients. ForUsAll can integrate with your current process and payroll providing a seamless experience for your employer and employee clients.
Yes, Accountants can offer ForUsAll solutions to their clients as a way to provide additional value and diversify their services. Accountants can help clients with plan setup, investment selection, and ongoing support.
That depends on the level of involvement that our partners want to play. Some partners want to simply refer their clients ForUsAll, while others want to play active roles in setting up the 401(k), customizing investment menus and plan design and want to be the face of the 401(k) on an ongoing basis. We can faciltate both.
Each partner client receives a dedicated team and Relationship Manager to support your account and all clients, as well as access to dashboards and reports for their client's 401(k) plans.
Our platofrm allows you to insert your own fees on top of the platform. ForUsAll collects those fees on your behalf quarterly and distributes to you
