Shared Growth Retirement Plan
This 401(k) Plan is recommended for small businesses owners who want to use their company retirement plan and are happy to contribute a savings match to employees.
Shared Growth Retirement Plan
This 401(k) Plan is recommended for small businesses owners who want to use their company retirement plan and are happy to contribute a savings match to employees.
Details
Clear Pricing:
Now: | $250 one-time setup fee |
Monthly: | $99 plan administration fee + $8 per active participant + $84 recordkeeping fee (until plan assets reach $220,000) |
Setup fee is non-refundable.
Fees shown here apply to NEW PLANS ONLY. If you have a current plan, other fees may apply.
Contact us if you have questions. See all fee info below.
What Happens After I Sign Up?
After completing your purchase, an email will be sent to the address you provide with links to download the following files.
A Welcome Letter
Detailed information about your plan, the setup process, essential contact information for our team, and more
Employee Census Worksheet
Fill this out and send it back to us to get the ball rolling!
New Client Implementation Worksheet
Fill this out and send it back to us to get the ball rolling!
Implementation Timeline
A simple illustration of the next steps you can expect in our setup process
Key Plan Features
 Eligibility to Use the Plan
- Designed for both business owners and employees to participate
- Designed for small businesses with less than 100 employees
- Requirements that employees must meet before they can benefit from your company’s retirement plan are set for you. This makes it easy to know when they can begin to benefit from this retirement plan.
Putting Savings into Retirement Accounts
- You (the employer) are required to match a small amount of your employees’ savings that is 100% vested. This ensures fairness and support for all your employees.
- You (the employer) may also contribute additional employer funds toward your plan participants’ savings through a profit sharing contribution or additional matching contribution. Those funds are subject to a vesting schedule, enticing loyalty in your employees to stay with your company longer.
- Savers get to choose between paying taxes on the income they defer into their retirement accounts either now (Roth) or after they retire (Traditional)
Withdrawing or Borrowing from Retirement Accounts
- You’ll still have access to your funds in case of financial hardship (medical bills, natural disaster damage, etc.), following standard rules
- Option to withdraw funds once you reach age 59 1/2, based on standard rules
- Normal retirement age is 65, following standard guidelines
- Option to take a loan from your retirement savings, following standard rules
Online Tools
- Access to your retirement account 24/7 through an online platform provided by your plan’s Recordkeeper
- Convenient online enrollment process
Plan Administration and Management
- Form 5500, a required document, will be signed by a 3(16) fiduciary on your behalf
- Your investment lineup will be provided by a trusted investment representative (a 3(38) fiduciary)
- Compliance testing requirements, such as ADP/ACP, are met
All Fee Info
- Administration Services
Initial Setup Fee: $250 (non-refundable after purchase)
Plan Administration Fee: $99 monthly
Recordkeeping Fee: $250 quarterly, invoiced by KTRADE (only until plan assets reach $220,000)
Per Participant Fee: $8 monthly, deducted from Participant’s Account - Additional Fees
Participant Distributions: $125 each
Participant Loans: $225 each - Matching Contributions
You are required to match a small amount of employee savings. This is NOT a fee — it goes to your employees, not us — but it is a mandatory expense associated with this plan.