Whether your technology company has 2 employees or more than 100, ALLtech understands that choice, coverage and cost can be a challenge when you’re deciding to include a retirement plan with your employee benefits package.
That’s why ALLtech wants to help you offer full-service retirement benefits and keep costs in check by introducing the EVOLVE 401(k) retirement solution. With EVOLVE, you can offer a nationally recognized 401(k) plan that helps you compete with larger employers, without extra hassle or cost.
To learn more, download our ALLtech 401(k) Flyer and please continue reading our below Q-and-A with Newfront Retirement Services, the team of professionals who handle the details so you can stay focused on growing your business:
How can adding a 401(k) program help a small business grow and succeed?
Offering a 401(k) plan gives your business a competitive advantage to attract and retain quality employees. In addition, a retirement plan at work addresses one of the main financial wellness concerns employees have and can help you increase loyalty and productivity.
How is EVOLVE different from other 401(k) plans?
EVOLVE is specifically created to address the challenges small businesses face when deciding to offer a retirement plan, including:
- Fee Transparency – EVOLVE has no hidden fees
- Simplicity – EVOLVE offers plan options that minimize employer tasks
- Liability Protection – EVOLVE offers investment oversight by an independent fiduciary limiting your liability for plan investments
- Employee Focus – EVOLVE is designed to make saving and investing easy for employees
EVOLVE offers large plan features to small employers. It’s for businesses that dream big!
Is EVOLVE only for companies that don’t already have a 401(k) plan?
EVOLVE is for any employer, including those with an existing plan. Contact the EVOLVE team to compare your current plan with EVOLVE plan options. You will get unbiased guidance to evaluate your options.
How does EVOLVE make it easier for small businesses to set up a 401(k) plan that meets their budget while satisfying employees’ needs?
EVOLVE uses a simple questionnaire to gather essential data that will help you setup your plan. The EVOLVE team provides guidance to make sure the plan is a good fit to your business. The simplified plan types that are offered by EVOLVE are designed to reduce operational burden on the employer. The easy-to-use website and app combined with low-cost investments help employees use the plan effectively.
What resources are available to help employees wisely invest in their future?
EVOLVE focuses on what matters. The platform is designed to assist employees making the two major decisions required for successful retirement outcome:
- How much should I have?
- How should I invest what I’m saving?
The platform has web-based tools that will guide employees in making these two key decisions. Keeping it simple helps keep cost low while helping employees make the right decisions. The EVOLVE platform can also automate the employee decisions with automatic enrollment and annual adjustments.
Is EVOLVE suitable for employers with complex needs or on a fast growth track?
Yes. EVOLVE is a solution, not a one-size-fits-all package. The EVOLVE team has experience working with a range of clients from startups to publicly traded global companies. Reach out to us for free consultation at ALLtech@advprofessionals.com.