Frequently Asked Questions
Is SaveDay® a bundled 401(k) provider?
Yes, we are a fully bundled provider.
How much does an account cost with SaveDay®?
We pride ourselves on simple, transparent and easy to understand pricing.
We cover all regular services within our all-in fee of ~0.45%
Here’s the breakdown:
- SaveDay® charges the lowest fees in the industry at only 0.35% OR $3.50 per $1,000 invested annually — about $0.29 per month
- The underlying portfolio of ETFs charge between 0.08-0.11%
Additional fees may be assessed for services that fall outside regular services. Those may include overnight mailing, wire transfer fees, or other third party services.
Is there a plan establishment fee?
What does SaveDay® charge for ADP/ACP testing and Form 5500 reporting?
$0 There is no additional costs for ADP/ACP testing or 5500 reporting.
Does SaveDay® offer custody, administration and record-keeping as part of its service?
Yes, We offer all aspects of running and administering a 401(k) plan including, custody, trust and recordkeeping. This is all included as part of our ongoing service to you and your employees.
Is there a fee schedule for loans, distributions or fund line-up changes?
No. But, if you pull money out for a loan, you’re not letting your money Grow Freely©