Tax Saving Tool - EasyChoice 401K
Keep It Simple
Your job isn’t to manage a 401(k) plan, that’s our job. We let you focus on your business while we do what we do best. We’ll help you set up the retirement plan, which is easy because we’ll work with your current payroll service. Then, we’ll manage it. That means that you don’t have to pick funds. It will be done for you. Our EasyChoice 401(k) is powered by Invesmart Advisors, Inc., a registered investment advisor (RIA) and subsidiary of Invesmart, Inc. Invesmart stands behind their ability to provide sound investment advice and monitoring services - so much so that they’ll put that commitment in writing.
The Right Price
How can we offer this plan at such a low cost? The 401(k) through PayrollonaBudget.com uses investment vehicles called collective trusts. These are groups of mutual funds that have passed through a professional screening process and are created to meet a specific investment objective. Collective trusts give you buying power and access to funds that might otherwise not be available to your plan. Other payroll company 401(k) products may try to meet our price points, but be careful; most don’t offer the same quality of service, low-fee investments and easy-to-use recordkeeping.
Set-up fees for the 401(k) start at $1695. The standard record keeping and administration service is $4 per employee per month. Employees can also select our participant account management service - Advice Path for $10 per employee per month if they chose. It’s an incredibly powerful package at one of the best prices in the industry!
A Unique Offering
We provide a personalized retirement projection for each employee, showing them how much savings they will need for retirement and where they are currently. And, for participants who choose Advice Path, we’ll tell them what they need to save, implement the savings plan and manage each of their plans by selecting appropriate investment vehicles to help meet their retirement goals. Participants have access to an investment advisor representative via our toll-free phone number. They can also access their account any time online. Invesmart has no vested interest in a particular fund or fund family, so you can be assured that our fund selections are 100% driven by what is best for you and your employees. Invesmart is committed to full disclosure of all plan fees and does not keep any revenue from mutual fund companies. Not many other small business plans can say that!
Investment advisory services are provided by Invesmart Advisors, Inc., a registered investment advisor. Third party administrative services are provided by Invesmart, Inc. (a Pennsylvania Corporation). Brokerage services may be provided by Invesmart Securities, LLC, member NASD. Invesmart Advisors, Invesmart and Invesmart Securities are subsidiaries of Invesmart, Inc. (a Delaware Corporation). Collective Trusts are offered by Reliance Trust Company (RTC) and advised by Invesmart Advisors.