The Straight Scoop on Savings and 401(k) Plans Tony

By Stuart Robertson
Note: we’ve updated this post to reflect accurate application of the new tax credit rules and the potential savings as a percentage of a ShareBuilder 401k plan and administration costs. Business owners starting their first plan with 1-100 employees can apply tax credits to up to 50 percent of new plan and admin costs, plus save an additional $500 per year (for up to three years) when choosing automatic enrollment.

Greetings and welcome! At ShareBuilder 401k, we have the great honor of serving thousands of businesses with 401(k) plans and helping tens of thousands of employees save for retirement. Our mission is to Lead Americans to Save. Complexity, number of products, lack of transparency, other financial concerns and education can all get in our way.

For all these reasons, we are introducing this blog to give you straightforward perspective on all the ins and outs of retirement plans, saving, and financial know how. Whether its learning about saving products, 401(k) plans, understanding (fair) costs, investing, funds, markets, or financial planning, we’re here to help provide you with a clear understanding on these topics, what matters and how to address it. If you’d like to learn more about our background, click here.

Our CEO provides insights and answers to the top two questions we're receiving from employees concerned about what to do with their 401(k) investments during this time of COVID-19 and the highly volatile stock markets. Should you move everything to cash? If not, what should you do? We hope you find this helpful in these unprecedented times.

Here’s to your success!

Meet the Author

Our low-cost 401k plans are easy to setup online and are supported by our 401k advisors and specialists. ShareBuilder 401k serves small business and medium-sized companies, as well as the self-employed. We offer Roth 401k, Safe Harbor 401k, Traditional 401k, and Solo 401k options. Your 401k plan is paired with investment management expertise and employee education to help you save more.