The offering expands ShareBuilder’s retirement savings options for small businesses and self-employed individuals, according to the announcement. ShareBuilder 401(k) clients will be able to choose to contribute after-tax money into the new Roth 401(k).
As with its 401(k) plan, the ShareBuilder Roth 401(k) utilizes exchange-traded fund (ETF) investments, the announcement said.
The company launched its 401(k) plan for small businesses and the self-employed last October (See A 401k Plan Unveiled for Small Businesses ).
More information can be found at www.sharebuilder401k.com .