Providing Insightful Retirement Planning
401(k)Fit
Program Options
For businesses looking for a cost-effective solution with simplified and dependable administration.
Eligibility Checklist
Start-up Plans Only
Preset Plan Design
Less Than 50 Employees on Payroll
Safe Harbor Required For Fit-X, Fit-Y, and Fit-Z Options
Calendar Year-End Only
W-2 Compensation Required
Benefits
Low Cost
Predictability
Compliance-Friendly
Set Plan Design
Streamlined & Accelerated Set-up
RecordKeeper Flexibility
Simplified Fee Schedules
401(k)Fit-Solo
Setup Fee
$500
Annual Fee
$500
$500
Annual Fee
$500
Preset plan design
Allows both pretax and Roth deferral options
Additional annual Employer profit sharing contribution allowable
Employer contributions are 100% vested
401(k)Fit-X
Setup Fee
$500
Annual Fee
$850
$500
Annual Fee
$850
Preset safe harbor match plan design
Allows both pretax and roth deferral options
Employer matches 100% on first 3% of compensation and 50% on 4th and 5th percent of compensation on per pay period basis, allocated only to employees who make 401(k) deferrals.
Employer match is 100% vested
401(k)Fit-Y
Setup Fee
$500
Annual Fee
$950
$500
Annual Fee
$950
Preset safe harbor non-elective plan design
Allows both pretax and roth deferral options
3% of annual pay Employer contribution allocated annually to all eligible employees (whether or not they make 401(k) deferrals)
Employer contributions is 100% vested
401(k)Fit-Z
Setup Fee
$500
Annual Fee
$1,200+$10/part
$500
Annual Fee
$1,200+$10/part
Preset safe harbor non-elective plan design
Allows both pretax and roth deferral options
3% of annual pay Employer contribution allocated annually to all eligible employees (whether or not they make 401(k) deferrals)
Additional annual Employer profit sharing contribution allowble
