Plan Cost Comparison based on 15
employees participating in a new
401(k) plan
Paychex 401(k)
Installation Fees
Set-up Fees (First Year Only)
$495
$1,000
Plan Document Fee (Annual)
Included
Included
Monthly Fees
Base Fee (Ongoing)
$185 (incl. up to 30 ees)
$165
Per Participant Fee (Ongoing)
None
$75 ($5 pp x 15)
Per Eligible Employee Fee (Ongoing)
None
Included
Non-Discrimination Testing (Ongoing)
Included
Included
Loan Charges (Ongoing)
$90
$100- $300 depending on term
Fund Switching (Ongoing)
Included
Included
Enrollment Fees
Enrollment/Educational Materials
Included
Included
Distributions
$95
Included
Investment Fees
Base Fee (One time)
None
None
Base Fee (Annual)
None
None
Sales Charges (Initial)
None
None
Sales Charges (Ongoing)
None
None
Additional 12b-1 Fee
None
None
Other Asset Fees
None
None
Surrender Fees
None
None
Trustee Fees
Base Fee
Included
Included
Signature Ready 5500
Included
Included
Collects payments from mutual fund companies
No
Yes
Total
Total Year One
$2,815
$4,380
Total Ongoing
$2,200
$2,800
How do I get more information?
If you are interested in more information, please contact:
Phone: 877.775.401k
E-mail: partners@theonline401k.com
The Online 401(k) | 530 Bush Street, 9th Floor | San Francisco, CA 94108 | www.theonline401k.com
www.theonline401k.com
Comparing 401(k) plan costs:
The Online 401(k) vs. Paychex