iQ401k vs THE INDUSTRY
iQ401k – non-proprietary investments and unbiased investment advice with access to the best service providers.
Industry – proprietary investments and advice that solely benefits the advisor.
iQ401k – charges a flat dollar amount per participant that can equate to annual fees being as low as 0.05%.
Industry – charges a percentage of plan assets under management with average annual fees high as 0.52%.
LOWER YOUR TAXES
iQ401k – offers the flexibility of billing fees directly to the employer qualifying annual fees as a tax-deductible expense.
Industry – debited directly from participant account and does not qualify as a tax-deductible expense.
ERISA FIDUCIARY PROTECTION
iQ401k – ERISA 3(38) Fiduciary Investment protection with the option of ERISA 3(21) which offers Co-Fiduciary Investment protection.
Industry – most claim ERISA 3(38) and 3(21) but offer little or no fiduciary protection that shields Plan Sponsors.
iQ401k – core investment lineups with average expense ratio of 0.10% to 0.15%.
Industry – average fund expense ratios sometimes high as 1.00%.
iQ401k – 100% of our retirement plans have access to Self-Directed Brokerage Accounts (SDBAs). SDBAs have the option of becoming Advisor Managed Accounts (AMAs).
Industry – only about half of the retirement plans provide access to SDBAs.
iQ401k – access to private investments, such as Private Real Estate, Private Equity, Private Credit, and Private Debt funds.
Industry – investment lineups only consist of mutual funds and ETFs.
iQ401k – Plan Sponsors can choose from multiple custodians, such as Vanguard, Fidelity, Schwab, etc.
Industry – only one custodian choice.