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For Immediate Release
ShareBuilder 401k Announces "No Fee Week" July 24-31
Businesses Can Save Up to $995 in Set-Up Fees and Help Get Employees On the Road to Retirement
July 23, 2013:
SEATTLE, Wa. — ShareBuilder 401k, a leading provider of low-cost, all-ETF 401(k) plans for small and medium sized businesses, will offer its first-ever "No Fee Week" enabling business owners to provide a 401(k) plan for their employees without the typical up-front costs to get a plan started.
By signing up between July 24-31, business owners with employees can save $495-$995 in set-up costs and help get their employees on the path to long-term savings. Business owners without full-time employees can save $150 on a Solo 401(k).
"Our recent nationwide survey of small business owners revealed that the costs of setting up a retirement plan is a primary roadblock for offering one, with 29 percent saying lower costs would increase their willingness to offer a 401(k)," said Stuart Robertson, President of ShareBuilder 401k. "Our goal is to make retirement planning easy, accessible and affordable for everyone—regardless of business or plan size."
To be eligible for free setup for a ShareBuilder 401k, you simply need to be the business decision-maker for your company and must purchase an Individual, Simplified, Customized or Tiered Profit Sharing 401k plan by July 31, 2013. Enter promotion code BESTSALE to receive the discount during the online purchase process that typically takes less than five minutes to complete. Only one offer applies per customer.
Since 2005, ShareBuilder 401k has made all of its pricing readily available on its website, and the company began advocating for an industry benchmark of less than one percent for "all-in" employee-paid fees in 2007. ShareBuilder 401k is not a fund provider and takes an unbiased approach in the evaluation and selection of funds with a focus on low-expense, index based investments from the leading ETF providers such as Vanguard, iShares, SPDR and PowerShares to create a powerful line-up from which participants can choose, including five model portfolios. ShareBuilder 401k also serves as the investment manager role (ERISA 3(38) fiduciary) for employers, which helps maximize employer protections and saves employers the time of regularly reviewing investment options that are made available to employees. For more information, visit www.sharebuilder401k.com.
About ShareBuilder 401k by Capital One
ShareBuilder 401k, a subsidiary of Capital One Financial Corporation, provides easy-to-use, cost-efficient 401(k) retirement plans for small and mid-size businesses serving clients that include the self-employed to those with over 2,000 employees. ShareBuilder 401k is a leader in providing 100 percent index-based ETF investments (plus a money market) in 401(k) plans. ShareBuilder 401k offers a suite of on-demand services that make it simple for employers and employees to open and manage their retirement plans online at www.sharebuilder401k.com. ShareBuilder 401k plans provide market-efficient investments and model portfolios that make it easy for employees to select smart investments to help them get on track to meet their retirement goals. Customers can also take advantage of ShareBuilder 401k consultants, customer success managers, and customer care agents to receive assistance in choosing and managing their retirement benefits.