ShareBuilder 401k announces Second Annual "No Set-up Fee Week(s)" in conjunction with National Small Business Week

SEATTLE, May 4, 2015 /PRNewswire/ -- ShareBuilder 401k, a provider of low-cost, all-ETF 401(k) plans for any size business, is waiving new plan set-up fees from May 4^th through May 17^th, 2015¹ – giving business owners and entrepreneurs even more reason to empower themselves and their employees, boost company benefits and reduce annual tax burdens by offering a low-cost 401(k) plan.  

According to Capital One's Spark Business Barometer survey, 55 percent of America's small business owners are actively contributing to their retirement and only 27 percent of small businesses in America currently deduct fees associated with retirement plans they offer for their business taxes.

"Saving for retirement is important and, given the uncertainty around Social Security, giving employees access to simple, affordable plans so they can build toward a more financially stable future for themselves and their families is a great benefit," said Stuart Robertson, President of ShareBuilder 401k. "Unfortunately many business owners don't realize how easy, economical and beneficial setting up a retirement plan can be – for themselves and their employees. At ShareBuilder 401k, you can have a plan started in just minutes and our 'No Set-up Fee Week(s)' promotion makes it even more affordable to get a plan up and running."

To be eligible for free setup for a ShareBuilder 401k retirement plan, visit http://www.sharebuilder401k.com/maysale and enter promo code "maysale" in the free quote/account set-up process and complete the purchase by May 17^th, 2015. The entire process typically takes just minutes to complete. Only one offer applies per employer.

There are a number of valuable benefits a 401(k) plan offers a business owner and its employees, including:

• Pre-tax participant contributions: all participants may contribute up to $18,000 of their pre-tax earnings to their 401(k) in 2015, reducing their amount of taxable income and putting it toward potential long-term savings instead. Participants close to retirement (age 50 or older) can contribute an additional $6,000 of their pre-tax income.
• Recruitment and retention tool: Offering an employer-sponsored 401(k) plan can be an effective way to help attract and retain the best talent.
• Tax benefits: All matching, profit sharing and administrative fees are tax deductible, and businesses may also receive up to a $500 tax credit to offset setup and administration charges for the plan.²

In addition to the ShareBuilder 401k promotion, Capital One Spark Business is offering several promotions through the month of May.³

Since 2005, ShareBuilder 401k has made all of its pricing readily available on its website, and the company began advocating for an industry benchmark of less than one percent for "all-in" employee-paid fees in 2007. ShareBuilder 401k is not a fund provider and takes an unbiased approach in the evaluation and selection of funds with a focus on low-expense, index based investments from the leading ETF providers such as Vanguard, iShares, SPDR and PowerShares to create a line-up from which participants can choose, including five model portfolios. ShareBuilder 401k also serves as the investment manager role (ERISA 3(38) fiduciary) for employers, which helps maximize employer protections and saves employers the time of regularly reviewing investment options that are made available to employees. For more information, visit www.sharebuilder401k.com.

About ShareBuilder 401k
ShareBuilder 401k provides easy-to-use, cost-efficient 401(k) retirement plans for businesses of any size serving clients that include the self-employed to those with over 2,000 employees. ShareBuilder 401k is a provider of 100 percent index-based ETF investments (plus a money market) in 401(k) plans. ShareBuilder 401k's goal is to make it simple for employers and employees to open and manage their retirement plans online at www.sharebuilder401k.com. ShareBuilder 401k plans provide market-efficient investments and model portfolios that make it easy for employees to select investments to help them move toward their retirement goals. Plan sponsors can also take advantage of ShareBuilder 401k consultants, customer success managers, and customer care agents to receive assistance in determining their plan features.

Securities are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, a SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

ShareBuilder and Capital One ShareBuilder are marketing names for Capital One Investing, LLC. ShareBuilder 401k and ShareBuilder Advisors are the marketing names for Capital One Advisors, LLC.

Securities and services are: Not FDIC insured - Not bank guaranteed - May lose value - Not a deposit - Not Insured by any Federal Government Agency 

You should carefully consider information contained in prospectus, including investment objectives, risk, charges and expenses. For a prospectus containing this and other important information, please visit the fund quote detail page at sharebuilder401k.com, or contact a ShareBuilder 401k representative at 1-800-943-6108 option 1. Please read the prospectus carefully before investing.

ShareBuilder 401k plans range from 27% to 58% less than the industry average at various data points from $50K plan with 6 participant to a $100M plan with 2,000 participants based on 401k Averages Book 2013 Data and Custom Benchmarking report prepared for ShareBuilder. Cost comparisons are based on plan assets and number of participants and reflect core ongoing 401(k) plan expenses that a company and/or its employees can expect to incur as a percentage of assets with most any 401(k) plan. This includes administration, recordkeeping, tax filing prep documents, plan testing, fund expense ratios, and other investment costs passed on to every participant to service the plan. It does not include unique employee initiated transactions such as loans, distributions or employer transactions such as plan amendments. 

¹ In order to be eligible for this offer, customers must purchase a Simplified, Customized or Tiered Profit Sharing 401k plan by May 17, 2015. Enter promotion code maysale to receive your discount. Only one offer applies per customer. If you roll in $5,000,000 or more in assets the one-time setup fee is automatically waived and no additional discount is given through this promotion. Monthly administration and asset management costs apply to all plan purchases.

² To qualify for government tax credits, the business must have at least one employee besides the owner who earns less than $115,000 per year. The credit is equal to 50% of administration & setup charges for the 401(k) up to $500.

³ Capital One Spark Business and Capital One Advisors are affiliated companies of Capital One Financial Corporation. Each are separate legal entities and each are responsible for their own products and services.

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SOURCE ShareBuilder 401k from Capital One

Related Links

http://www.sharebuilder401k.com