401GO provides automated 401(k) plan administration for businesses of all sizes, utilizing a streamlined technology platform that simplifies setup, compliance, and participant management. The service addresses the complexity and high costs typically associated with retirement plan offerings, enabling companies to implement affordable and efficient retirement solutions.
Funding
$15.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, especially small to medium-sized ones, face complexities and high costs when setting up and managing 401(k) retirement plans for their employees. Traditional 401(k) providers often rely on outdated technology, leading to cumbersome administration and compliance processes. This can deter companies from offering vital retirement benefits, impacting employee financial security and talent acquisition.
Solution
401GO offers a streamlined, technology-driven 401(k) platform designed to simplify retirement plan administration for businesses of all sizes. By automating setup, compliance, and participant management, 401GO reduces the administrative burden and lowers costs associated with traditional 401(k) plans. The platform provides a user-friendly experience for both employers and employees, supported by industry-leading customer service. 401GO collaborates with financial advisors, payroll providers, and benefits brokers to deliver tailored retirement solutions.
Target Audience
401GO primarily targets small to medium-sized businesses (SMBs) seeking affordable and easy-to-manage 401(k) plans, as well as financial advisors, accountants, and payroll professionals looking to offer retirement solutions to their clients.
Features
- Automated 401(k) plan setup, administration, and compliance
- Streamlined technology platform for simplified management
- Intuitive mobile app for participant access and engagement
- Personalized support via phone, email, or chat
- Integration with HCM software for efficient payroll processing
- Flexible plan options, including GO-Starter, GO-Plus, and GO-Max, to suit different business needs
- Transparent pricing model based on the number of plan participants
- Tax assistance for small businesses