Open Architecture Retirement Plan Platform Through Vanguard Retirement Plan Access™
iQ401k is an “open architecture” retirement plan platform that offers business owners unparalleled flexibility and unique capabilities. Our retirement solutions aim to minimize fees and taxes, facilitating talent acquisition*, employee retention**, and company expansion.
*Nearly 90% of participants considered a 401(k) Plan a must-have when looking for a new job according to a Charles Schwab 401(k) Participant Study done in 2023
**Nearly 70% of participants were more likely to stay with an employer that offered a 401(k) Plan according to the same study
Footnotes and Disclosures
Reduce Your Retirement Plan Fees by 40% to 60% on Average While Lowering Your Taxes
Our ERISA 3(38) Fiduciary investment management services are offered under a flat-fee structure, unlike the majority of advisors who charge a percentage of assets under management. The flat-fee model is particularly advantageous for larger plans, compared to the percentage of assets fee model.
A recent study of 525 retirement plans showed that the average annual fee to be 0.52% of assets under management for plans with between $1 million and $5 million in assets. For a 20-participant plan with $3 million in plan assets, that would result in an annual fee of $15,600.
By contrast, that same 20-participant plan with $3 million in assets would cost $6,500 under our flat fee structure, and our fee stays the same even as plan assets grow. Also, our fees can be paid outside of retirement plan accounts, which is generally treated as a tax-deductible expense for the business owner.
ERISA 3(38) or 3(21) Fiduciary Services
Plan Design Consulting
Design & Maintain Investment Selection
Design & Manage Asset Allocation Models
Perform Plan Participant Risk Evaluations
Provide Investment Advice for Plan Participants
Design & Maintain Investment Policy Statement
Provide Quarterly Monitoring Reports
Conduct Annual Plan Reviews
Access to Financial Wellness Tools
Assist Plan Fiduciaries with Service Providers
Provide Fee Benchmarking Reports
|% of Assets Under Management
|Outside of Plan Assets
|From Participant Accounts
|30 to 40 Funds
|10 to 15 Funds
|On Average 0.10% to 0.15%
|On Average in Excess of 0.35%
|Only Half of Plans