Employers pay a flat monthly base fee and a flat monthly participant fee based on the number of active participants in the plan.

Monthly payments aren’t due until after your plan is active and the first contributions have been made.

All 401(k) participants pay an account fee, as chosen by the plan sponsor. It’s based on their account assets, and ranges between 0.15% and 0.35% depending on the plan tier and pricing selected.⁶ When an employee leaves your company, they will also be responsible for a $4/month account fee after a 90-day grace period if they maintain a balance.

SEP, Traditional and Roth IRA account holders are responsible for a monthly fee starting at $2/month plus a 0.08% base fee based on the account assets. We deduct this fee on a monthly basis based on the month-end account balance. This fraction of a percentage on accounts starting at 0.08% comes out to about 67¢ a month for every $10,000 saved.¹²

See our Form ADV 2A Brochure for more information on our fees.

Yes. All plans let employees choose to make contributions to a Traditional 401(k) for pre-tax saving, a Roth 401(k) for post-tax saving, or their own combination of both.

You only pay for active employees who are currently employed by your company and are participating in the 401(k) plan. When an employee leaves your company, they will be responsible for any charges on the account.

Former employees who have balances in your 401(k) plan are charged a $4 monthly base fee. We start charging this fee after an initial 90-day grace period following termination of employment, or after the end of the blackout period if the retirement plan was recently transferred from another 401(k) provider. The monthly account base fee is deducted from their account for any month during which the month-end account balance is greater than $0. Former employees will continue to pay the applicable account fee (0.08%-0.35%, as chosen by the plan sponsor) based on their account assets.¹

We don’t charge a termination fee if you decide to terminate your 401(k) plan.¹³

We accept credit cards as a payment method for your monthly plan billing. You can set this up from the Plan Settings page once you’ve logged in to your new account. See our Help Center for more information on how to set this up.

If you have a different payroll provider and you're interested in Gusto payroll, our team is here to help. If you’re not ready to switch, you can still open a Gusto 401(k). Our self-serve portal lets employers upload payroll reports and process contributions.