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Products July 17, 2007
SurePayroll Unveils Online 401(k) Product
Payroll provider SurePayroll has come out with an online 401(k) program for small business employers.
Reported by Adrien Martin
According to a press release from the company, Sure401k will be offered to small business owners for less than $85 a month, minus a one-time set-up fee, and will include features such as:
- Access to more than 320 mutual funds in 15 asset categories from companies such as Fidelity, T. Rowe Price, and Vanguard along with low-fee index funds and lifestyle retirement funds
- Flexible plan designs (Roth and Safe Harbor features available)
- Full-service recordkeeping, administration and compliance testing
- Free customer support
- Online plan management for employers and employees
- Integration with payroll
There are no minimum employee restrictions; businesses that are run exclusively by the owners, partners and spouses can implement an owner-only 401(k), or Solo(k) plan, for $12.50 a month. SurePayroll will also offer a $250 discount on set-up fees for regular 401(k)s, until October 1, 2007.
Small business owners that choose Sure401k are not required to be current SurePayroll customers. For more information about the product visit