Affordable
Full features for half the cost
Our cost to your business is typically half that of our traditional 401k competitors (see chart below). We keep our expenses low and pass the savings on to you. Our online 401k administration eliminates the paperwork, large staff, on-site employee education meetings, and other administrative mumbo-jumbo that can run up the costs for traditional 401k plans. But we don’t stint on the important stuff. (See our complete list of services.)
| ShareBuilder 401k for Costco Executive Members |
Typical Industry Pricing1 | |
|---|---|---|
| One-time setup | $375 | $1,107 |
| Monthly administration2 | $1,020 | $2,506 |
| Total first-year cost3 | $1,395 | $3,613 |
Low-expense, market-efficient fund choices
The low expense ratios associated with the exchange-traded funds that make up our 401ks are key to our success. Because ETFs don’t have individual fund managers, they have lower expenses — letting you keep more of your profits! (See the expense ratios for our investment options.)
Transparent pricing with no hidden fees
We’ve developed what we think is the industry’s simplest fee structure: a flat cost for the initial setup and a low monthly administration fee. That’s it! None of the obscure, hard-to-find charges common among other companies’ plans. (See our complete pricing schedule.)
1 Typical industry pricing is based on a December 2006 competitive survey by PAi and ShareBuilder of leading 401k providers. Annual fund and asset management fees include average fund expense ratios and any additional 12(b)-1 fees, asset management fees, fund portfolio turnover fees, and wrap fees the provider charges.
2 ShareBuilder charges a simple monthly administration fee based on the number of participants only ($85 per month or $1,020 annualized in this example). Many providers charge an annual administration fee plus an annual eligible employee or participant fee!
3 First-year fees are based on a company of 10, with 8 participating employees. Costco pricing is based on enrollment in a ShareBuilder 401k PLAN4TEN. As you’d expect, pricing and savings may vary depending on the number of participants.
NEXT: See how ShareBuilder 401ks are easy and smart ... or get a quote now.