

Photo by Urban Data
Photo by Ksionic
I am a strong believer that whenever possible an organization should offer a 401k option for its employees. Don’t treat the 401 K as an option that is mystical or a political statement for urban legends. Most employees put off for many years the savings towards their retirement. One option to explore is a web base retirement service. John Wasiejko from The Online 401(k), a provider of 401(k)s for small businesses has agreed to provide today’s post to support the efforts of nonprofits.
“When it comes to a 401(k), the obstacle for most small businesses is cost and complexity. Most small businesses think that they can’t afford a 401(k) plan, or that it’s going to take too much time to manage.
A Web-based 401(k) is ideal for small businesses, as technology can be leveraged to simplify the setup and day-to-day management of a 401(k) plan and cut down on the expenses of paper-based 401(k) plans.
Why a Web-based 401(k)?
The benefits of an online 401(k) plan are endless, but here are a few:
*Low cost
Significant cost savings come from simplifying or even eliminating many of the tasks required to set up and maintain paper-based 401(k) plans. With new Web technologies, providers can strip away many of the unnecessary expenses and cost savings can be passed onto small businesses.
*Ease of use
Online tools and up-to-date information make it easier for small businesses to walk through every step of the process, and live customer support is still a phone call or an e-mail away.
*Ease of management
On-demand, online tools greatly simplify the day-to-day management of a 401(k) plan. A plan can be managed 24 hours a day from anywhere.
*In-depth investment education
This is a very important aspect of any 401(k) and one that can be made even more effective with a Web-based 401(k) plan. Instead of having to sift through stacks of generic, paper-based investment education booklets, employees have easy access to a library of investment education and interactive calculators and questionnaires — all in one Web site.
By enabling small businesses to easily manage 401(k) plans online, online providers finally offer them access to powerful retirement plans that large businesses enjoy — giving employees a greater chance at achieving their retirement savings goals.”
For more information or a free consultation on your 401(k) plan, contact John Wasiejko at jwasiejko@theonline401k.com or call him at 415.477.8800 ext 828.