Let's Find The Right Employee Retirement Plans Service For You

Pros / This retirement plan solution works with businesses of all sizes and can be integrated with most payroll providers.

Cons / It doesn't offer a mobile app that allows your employees to access their retirement information.

 Verdict / ShareBuilder 401k is a competitive retirement service that offers plans for any size business. You can monitor your account online, and its customer support is excellent.

ShareBuilder 401k is an employee retirement plan service offered through Capital One to help small business owners and their employees prepare for the future. This solution works with businesses of all sizes, and it offers plenty of retirement-plan options to meet the needs of you and your employees. With ShareBuilder 401k, you can transfer an existing retirement plan into the new one, integrate it with your existing payroll service, and receiving advice from professionals to help you make the best decision for your business and employees.

This retirement plan solution works with a range of businesses, whether you have one or two employees or more than 1,000. It gives you four options to choose from: an individual, simplified, customized or tiered profit-sharing plan. Each plan is best for different-size companies and has different matching, vesting and profit-sharing options available.

When employees sign up for a plan, they receive access to an online account where they can view information about their retirement plan. Additionally, employees can enroll and view statements online as well.

However, this 401(k) provider does not provide a mobile app, which would allow you and your employees to access account information anywhere using a smartphone or tablet. Capital One has an investment app, but it isn't exclusive to retirement funds. Instead it's focused on other investment strategies and providing live stock market data.

Another advantage to using ShareBuilder 401k is the ability to transfer a current 401(k) account to a new account for easier record keeping and management. Furthermore, this employee retirement plan service assists with compliance testing and tracking. Also, many vesting and employer-contribution options are available.

ShareBuilder 401k is compatible with most payroll providers, which is a great benefit for companies. It allows for easier and more efficient record keeping. This retirement plan provider offers excellent customer support. You can reach a representative via email or phone any time you have questions or concerns. The representatives we communicated with were friendly, knowledgeable and willing to assist us.

ShareBuilder offers several resources and tools, including FAQs, a video and several product data sheets, and a couple basic retirement calculators. The calculators, however, were not easily accessible from ShareBuilder 401k’s main pages, so you have to do a bit of digging to find them.

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Summary

ShareBuilder 401K has many valuable features to look for in an employee retirement plan service. This company offers four plan options to choose from and they will work with businesses of all sizes. They integrate with most payroll providers, allow you to transfer a current retirement plan and provide online access to your account. However, they do not feature any type of mobile access and their online resources are sparse. However, if those few lacking features are not a priority, this retirement plan service is an ideal solution for most companies and they have the features and the customer support to prove it.

ShareBuilder 401K Compare Quotes

Specifications and Benchmarks

Help & Support

Help & Support Score
95%
Email
Telephone
Online Resources
FAQs

Types of Plans

Traditional 401(k)
Roth 401(k)
Owner-Only 401(k)
Profit Sharing
Safe Harbor
SIMPLE IRA
Roth IRA
SEP-IRA
Defined Benefit Plans

Plan Maintenance

Vesting
Employer Contribution
Compliance Testing
Integrate Payroll Information
Mobile Access

Plan Creation

Participant Website
Employer Website
Transfer Current Plan

Fees

Annual Administration Fees
$250 + 0.45%
Establishment Fees
$420 + 0.45%