Pricing/Features

Wellington’s BusinessSolutions 401(k) pricing is simple: You pay a one-time $700 + $20 per participant plan setup fee upon starting your 401k plan, plus the annual recordkeeping fee listed below. Our pricing is extremely competitive and completely transparent.

 

ONETIME PLAN SET-UP COST*:

  • $700 PLUS $20 PER ACTIVE PLAN PARTICIPANT

ANNUAL PLAN RECORDKEEPING COST**:

  • $1,200 PLUS $25 PER ACTIVE PLAN PARTICIPANT

 

*Plan set-up fee includes the preparation of IRS-approved plan document, customized website, the setup/registration of company master account & employee accounts with Charles Schwab & Co., Inc. This fee is non-refundable in the event of plan cancellation. **Recordkeeping fees are billed semi-annually.

 

Invest On Your Own or Delegate to Professionals – The Three Investment Profiles***

The BusinessSolutions 401(k) offers three unique investment profiles. Each participant selects their own investment profile and may change profiles at any time.

1. Managed Model Portfolio:
Participant selects a managed model. As contributions are deposited in the participant’s Schwab account, Wellington invests funds for participant based on their model selection.

2. Customized Portfolio: Participant provides Wellington with fund choices and allocation percentages. As contributions are deposited in participant’s Schwab account, Wellington submits purchase orders for plan participant based on their desired allocations. This occurs each pay period.

3. Self-Directed Portfolio:
Contributions are deposited into the participant’s Schwab account. Participant logs on to Schwab’s website or calls Schwab to invest his or her funds.

*** Investment advisory fees paid to Wellington Consulting Services, Inc., are charged directly to the participant accounts on a quarterly basis, based on ending account balances. Wellington does not charge any transaction fees for executing transactions in participant accounts. See Plan Proposal for full details regarding pricing and fees. << Request a Proposal for Details >>

 

Here are some of the features of Wellington’s BusinessSolutions 401(k) Plan:

  • Dedicated client service team
  • Over 3,000 no-load mutual funds, ETFs, stocks, bonds and CDs available
  • Charles Schwab & Co., Inc. as the custodian of plan assets
  • Self-Directed and/or Managed Model Investment Portfolios
  • Customized Enrollment & Education website for you and your employees
  • Free Online administration
  • Tax forms related to the 401(k) plan (including the Form 5500)
  • No additional costs for Safe Harbor or Cross-Tested/New Comparability plans

And much more!

Want to know exactly how much money Wellington can save you? Request a proposal today by clicking here!

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