Products October 17, 2005
A 401k Plan Unveiled for Small Businesses
October 17, 2005 (PLANSPONSOR.com) - ShareBuilder
has launched a new 401(k) plan designed specifically for
businesses with less than 50 employees.
Reported by Rebecca Moore
The ShareBuilder 401(k) carries a flat $15 monthly fee per participant, according to a company news release. There is no employer administrative fee and a .65% annual asset fee.
The portfolios provided by the ShareBuilder 401(k) plan consist exclusively of Exchange Traded Funds. PAi will provide back-end administration for the employer and participant recordkeeping, according to the announcement.
More information can be found at www.sharebuilder401k.com .
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