Solo 401

The California 401(k) Plan™ Launches First Ever 401(k) Multi-employer Plan Alternative to Replace CalSavers

Retrieved on: 
Monday, January 4, 2021
Retirement plans in the United States, 401, Finance, Money, Solo 401

SANTA BARBARA, Calif., Jan. 4, 2021 /PRNewswire/ -- The California 401(k) Plan today launched a new private marketplace multi-employer pooled plan (PEP).

Key Points: 
  • SANTA BARBARA, Calif., Jan. 4, 2021 /PRNewswire/ -- The California 401(k) Plan today launched a new private marketplace multi-employer pooled plan (PEP).
  • The California 401(k) Plan is based on the idea that people want more money in their retirement accounts over time than the state plan limits and plan default fund offer.
  • The California 401(k) Plan also allows participants to select from a set of investments more appropriate to a retirement investor than the limited CalSavers options.
  • Once again, the private marketplace has delivered the correct solution for retirement with The California 401(k) Plan.

Blockchange and IRA Financial Partner to Enable RIAs to Manage Digital Assets in Qualified IRA Accounts

Retrieved on: 
Tuesday, December 8, 2020
Retirement plans in the United States, Individual Retirement Accounts, Finance, Money, Self-directed IRA, Financial services, Solo 401, Financial adviser, 401, Comparison of 401(k) and IRA accounts

SAN FRANCISCO and MIAMI, Dec. 8, 2020 /PRNewswire/ -- Blockchange Inc. and IRA Financial are partnering to enable IRA funds & select 401(k) plans to be invested in cryptocurrencies and digital assets, under the management of a financial advisor.

Key Points: 
  • SAN FRANCISCO and MIAMI, Dec. 8, 2020 /PRNewswire/ -- Blockchange Inc. and IRA Financial are partnering to enable IRA funds & select 401(k) plans to be invested in cryptocurrencies and digital assets, under the management of a financial advisor.
  • Financial advisors have been able to expose their client's IRAs to crypto assets through digital trusts or funds that don't offer the benefits of owning the underlying assets.
  • Investors begin by setting up a self-directed IRA with IRA Financial and transferring funds from an existing IRA, solo 401(k) plan, or former employer 401(k) plan into the new IRA.
  • Blockchange and Gemini previously announced a partnership to enable RIAs to manage digital assets.

Sharebuilder 401k Announces Free Set-Up on All of Its 401(k) Plans December 1 - 22

Retrieved on: 
Tuesday, December 1, 2020
Retirement plans in the United States, Labor, Solo 401, Economy, Finance, 401, Self-employment, Roth 401

Through December 22, ShareBuilder 401k, a leading provider of low-cost retirement plans, is waiving set-up fees on all of its 401(k) plans -- fees that normally run between $150 for a self-employed business owner opening a Solo 401(k) and $495 to $995 for businesses with multiple employees.

Key Points: 
  • Through December 22, ShareBuilder 401k, a leading provider of low-cost retirement plans, is waiving set-up fees on all of its 401(k) plans -- fees that normally run between $150 for a self-employed business owner opening a Solo 401(k) and $495 to $995 for businesses with multiple employees.
  • "After a challenging 2020, a 401(k) can be a welcome and meaningful holiday gift that helps employees start the New Year right - with a renewed focus on building savings," said Stuart Robertson, President and CEO of ShareBuilder 401k.
  • ShareBuilder 401k is a leading digital 401(k) provider specializing in low-cost, all-ETF retirement products and resources for small- to mid-sized companies, including owner-only businesses.
  • ShareBuilder 401k is committed to further expanding access to retirement plans and leading more Americans to save through cutting-edge technology, low costs and quality education and support.

Fidelity® Q3 2020 Retirement Analysis: Steady Contributions and Market Performance Lead to Increased Balances; Ongoing Financial Uncertainty Also Drove Withdrawals

Retrieved on: 
Thursday, November 12, 2020
Professional services, Finance, Retirement plans in the United States, Individual Retirement Accounts, Finance, Money, 401, 403, Roth 401, Solo 401

The average total savings rate for 403(b) accounts was 10.6% and the total savings rate for 401(k) accounts was 13.5%.

Key Points: 
  • The average total savings rate for 403(b) accounts was 10.6% and the total savings rate for 401(k) accounts was 13.5%.
  • Across Fidelitys 401(k) platform, nearly nine out of ten (89%) of individuals left their contribution rate unchanged in Q3.
  • Total IRA contribution dollars, across all types of IRA accounts, increased 37% during the same period.
  • More than 2 million individuals on Fidelitys platform save in both an IRA and their employers 401(k), an increase of 12.5% over Q3 2019.

Employees Who Participate in Both Their 401(k) And Employee Stock Purchase Plan Tend to Save More for Retirement, According to Fidelity®

Retrieved on: 
Tuesday, October 20, 2020
Professional services, Consumer, Seniors, Human resources, Finance, Banking, Retirement plans in the United States, Finance, Taxation in the United States, Money, Employee stock ownership, Investment, ESPP, Employee stock purchase plan, 401, Fidelity Investments, Solo 401

Employees who participate in both their companys Employee Stock Purchase Plan (ESPP) and their companys 401(k) tend to contribute an average of 32% more to their 401(k) than employees who only participate in the 401(k), according to recent research1 from Fidelity Investments.

Key Points: 
  • Employees who participate in both their companys Employee Stock Purchase Plan (ESPP) and their companys 401(k) tend to contribute an average of 32% more to their 401(k) than employees who only participate in the 401(k), according to recent research1 from Fidelity Investments.
  • Fidelitys findings are based on the analysis of 250,000 employees who have access to both a 401(k) and ESPP.
  • 1 Analysis based on 250,000 employees at 100 Fidelity corporate clients that had access to both a 401(k) and an Employee Stock Purchase Plan as of 12/31/2019.
  • Both male and female employees included in the analysis, and employee in the study represent a range of incomes, ages and tenures.

ShareBuilder 401k Announces 2020 Safe Harbor 401(k) Promotion

Retrieved on: 
Wednesday, August 19, 2020
Retirement plans in the United States, Individual Retirement Accounts, Finance, 401, Taxation in the United States, Pension, Money, Solo 401, Roth 401

SEATTLE, Aug. 19, 2020 /PRNewswire/ -- ShareBuilder 401k , a leading provider of index fund-based retirement plans and named the " best safe harbor 401(k) plan " by Business.com, is offering special discounts to businesses that set up a new 401(k) plan ahead of the October 1st government deadline for safe harbor plan designs.

Key Points: 
  • SEATTLE, Aug. 19, 2020 /PRNewswire/ -- ShareBuilder 401k , a leading provider of index fund-based retirement plans and named the " best safe harbor 401(k) plan " by Business.com, is offering special discounts to businesses that set up a new 401(k) plan ahead of the October 1st government deadline for safe harbor plan designs.
  • Starting today, ShareBuilder 401k is offering discounts to businesses with employees that set up a new plan before the October 1st safe harbor deadline:
    $200 off set-up costs beginning August 19, 2020 through September 7, 2020
    $100 off set-up costs beginning September 8, 2020 through September 22, 2020
    "A safe harbor 401(k) is a great, easy to manage option for most businesses with employees to build a nest egg for the future, and our goal is to maximize those benefits by making it even more cost effective to start a plan now," said Stuart Robertson, CEO of ShareBuilder 401k.
  • The safe harbor deadline approaches as recent legislation has made 401(k) plans more affordable and accessible than ever before.
  • ShareBuilder 401k is a leading digital 401(k) provider specializing in low-cost, all-ETF retirement products and resources for small- to mid-sized companies, including owner-only businesses.

ShareBuilder 401k Offering Free Plan Set-Up On All New 401(k) Plans

Retrieved on: 
Monday, June 15, 2020
Retirement plans in the United States, Economy, Finance, Money, Solo 401, 401, Self-employment, Pension, Roth 401, Employer Matching Program

SEATTLE, June 15, 2020 /PRNewswire/ --ShareBuilder 401k, a leading provider of low-cost digital retirement plans, is aiming to help more businesses and their employees save for the future and reap the savings and tax benefits of investing in a 401(k) by offering free set-up on all new plans.

Key Points: 
  • SEATTLE, June 15, 2020 /PRNewswire/ --ShareBuilder 401k, a leading provider of low-cost digital retirement plans, is aiming to help more businesses and their employees save for the future and reap the savings and tax benefits of investing in a 401(k) by offering free set-up on all new plans.
  • Beginning today and continuing through July 3rd, companies with employees can save $495 to $995 in set-up costs by starting an employee-based 401(k) plan.
  • Self-employed (or one-person) businesses are also eligible and can save as much as $150 by starting a solo 401(k) plan (or "solo-K") during the same period.
  • ShareBuilder 401k is a leading digital 401(k) provider specializing in low-cost, all-ETF retirement products and resources for small- to mid-sized companies, including owner-only businesses.

IRA Financial Trust Launches New Rollover Program for Self-Directed IRA Checkbook Control Investors

Retrieved on: 
Monday, April 27, 2020
Individual Retirement Accounts, Retirement plans in the United States, Self-directed IRA, Economy of the United States, Solo 401, Finance, 401, Ira, Money, Gold IRA, Individual retirement account

MIAMI BEACH, Fla., April 27, 2020 /PRNewswire-PRWeb/ --IRA Financial Group and IRA Financial Trust Company, a leading financial technology Self-Directed IRA and 401(k) plan provider and custodian, launches a new rollover program for Self-Directed IRA investors seeking a new custodian for their checkbook control IRA.

Key Points: 
  • MIAMI BEACH, Fla., April 27, 2020 /PRNewswire-PRWeb/ --IRA Financial Group and IRA Financial Trust Company, a leading financial technology Self-Directed IRA and 401(k) plan provider and custodian, launches a new rollover program for Self-Directed IRA investors seeking a new custodian for their checkbook control IRA.
  • "We have seen a surge in interest from Self-Directed IRA LLC investors who are seeking a new custodian for their checkbook control account and developed a new rollover program to satisfy their needs," stated Adam Bergman, Founder & CEO of IRA Financial.
  • "Because some Self-Directed IRA custodians do not have the expertise to administer checkbook control IRA solutions, IRA Financial has created a special rollover program for Self-Directed IRA investors seeking a qualified and experienced Self-Directed IRA custodian," stated Mr. Bergman.
  • IRA Financial Group and IRA Financial Trust Company's Self-Directed IRA and Solo 401(k) plan platform allows investors to invest in IRS approved alternative asset investments digitally and with no account valuation or minimum balance fees.

IRA Financial Launches Updated Mobile App Version 3.0 for Self-Directed Retirement Investors

Retrieved on: 
Friday, April 24, 2020
Individual Retirement Accounts, Retirement plans in the United States, Self-directed IRA, Economy of the United States, Solo 401, Finance, 401, Money, Gold IRA, Individual retirement account

MIAMI BEACH, Fla., April 24, 2020 /PRNewswire-PRWeb/ --IRA Financial Group & IRA Financial Trust Company, a leading financial technology Self-Directed IRA and 401(k) plan provider & custodian, launches an updated mobile app version 3.0 for Self-Directed IRA & 401(k) plan investors.

Key Points: 
  • MIAMI BEACH, Fla., April 24, 2020 /PRNewswire-PRWeb/ --IRA Financial Group & IRA Financial Trust Company, a leading financial technology Self-Directed IRA and 401(k) plan provider & custodian, launches an updated mobile app version 3.0 for Self-Directed IRA & 401(k) plan investors.
  • IRA Financial is the first Self-Directed IRA provider that allows its clients to open, fund, and self-direct an investment 100% electronically," stated Adam Bergman, Founder & CEO of IRA Financial.
  • IRA Financial Group & IRA Financial Trust Company's Self-Directed IRA and Solo 401(k) plan platform allows investors to invest in IRS approved alternative asset investments digitally and with no account valuation or minimum balance fees.
  • IRA Financial Group & IRA Financial Trust are the market's fastest growing providers of self-directed retirement plans.

Defying Assumptions: Majority of Millennial, Blue Collar and SMB Employees Save for Retirement

Retrieved on: 
Monday, December 16, 2019
Retirement plans in the United States, 401, Economy of the United States, Finance, Money, Solo 401

"While most people assume younger employees, employees at smaller companies, and employees in blue-collar professions can't afford to save, this data shows that this is definitively not true.

Key Points: 
  • "While most people assume younger employees, employees at smaller companies, and employees in blue-collar professions can't afford to save, this data shows that this is definitively not true.
  • We see that 65-90 percent of employees who are offered a 401(k) consistently save, across regions, professions, and generations," said Jeff Schneble, CEO of Human Interest.
  • The 401(k) was introduced as a savings vehicle in 1978 when Congress passed the Revenue Act that allowed employees to make pre-tax contributions to save for their future.
  • Blue Collar Builds its Future: On average, 66 percent of blue collar workers - from automotive to manufacturing - participate in an offered 401(k) plan.