Fee schedule (Plan up to 15 employees)

• One time set up fee: $500
• Annual maintenance fee: $975+$20/participants
  (For example: For a small business 401K plan with 5 employees, the setup fee is $500; the annual maintenance is $975+$20*5=$1,075)

For existing 401K plan participants, please click here to access your account

Traditional IRA

The traditional IRA provides considerable benefits for those seeking a means to save and invest on a tax-advantaged basis. You will generally not have to pay taxes on your assets until you withdraw your assets. Contributions to a traditional IRA may be tax deductible.

• Contributions may be deductible. Tax deductibility of contributions depends on salary level and whether the IRA owner participates in an employer-sponsored retirement plan.
• Anyone who is under age 70 1/2 and has earned income is eligible to establish and contribute to Traditional IRA.
• Contributions for 2010 may make up to $5,000 ($6,000 if age 50 or older) aggregate limit for Traditional IRA.

Roth IRA

The advantages of a Roth IRA are different than those of a traditional IRA and may provide better benefits for those who are eligible. In a Roth IRA, all withdrawals on qualified distributions will be tax-free. Contributions are not mandatory as well.

• Unlike contributions to a Traditional IRA, contributions to a Roth IRA are nondeductible.
• Contributions are not allowed if an individual's income exceeds the AGI limits ($110,000 for single or $160,000 for married couple).
• Permits tax-free and penalty-free withdrawals of contributions at any time.
• Contributions allowed after age 70 1/2.
• Anyone who is not filing a "married filing separately" tax return and has an annual AGI that does not exceed $100,000 can convert a Traditional IRA to a Roth IRA.
• Contributions for 2010 may make up to $5,000 ($6,000 if age 50 or older) aggregate limit for Roth IRA.

Rollover IRA

A rollover IRA is the best option for those who are retiring, changing jobs, or leaving their employer for any reason. A rollover IRA is a distribution from a qualified retirement plan into an individual retirement account (IRA) with various tax advantages.

You can roll over distributions from your IRA or employer's retirement plan (such as 401(k)s, Profit Sharing…, etc.)

SEP IRA

A simplified employee pension (SEP) program is an economical option for the self-employed or those employed under a small business. (SEP) requires minimal maintenance since there is no complicated reporting requirement. Generally, program contributions are tax-deductible.

• A SEP is a retirement plan for small business and the self-employed that enables employers to make discretionary contributions for themselves and their employees.
• Contributions generally are not taxable to plan participants until withdrawn and may be tax deductible for the employer.
• SEP plans are available to sole proprietors, partnerships, corporations and nonprofit groups.
• All contributions must be 100% immediately vested.
• Employers can change their annual contributions.
• Up to the lesser of 25% of an employee's eligible compensation or $49,000.

Simple IRA

A simple IRA is the best option for those seeking an inexpensive retirement plan in a small business. Tax-deferred contributions are made by both the employees and the employer. The employee may also invest in other regular IRA's to further increase retirement savings.

• Inexpensive retirement plan for small businesses.
• Deductible employer contributions are made directly to employees' IRAs.
• Employer contributions are mandatory.
• All contributions must be 100% immediately vested.
• Employees can defer up to $11,500.
• Employer must choose one of the followings:
  • Match employee's contribution dollar-for-dollar, up to 3% of the employee's compensation.
  • Contribute 2% of each eligible employee's compensation (up to $4,900 in 2009).