Do Better​ than IL Secure Choice with a Ubiquity Small Business 401(k)

It’s hard to believe, but it’s true. Ubiquity has only ​flat fees that don’t cost you more as your ​retirement savings grow. But with IL’s state plan,​ your fee will get bigger and bigger as your retirement​ balance grows over the years. Over 30 years you’ll end up with over $161,385 more money with us vs using the IL state plan. The​ better plan is clear – the Ubiquity 401(k)!

Let’s look at the following example:
Jennifer and Joshua each have retirement plans that they contribute $6,000 to every year. Jennifer’s plan is with Ubiquity Retirement + Savings and her fees are flat $6/month. Joshua’s plan is with Secure Choice and his annual asset based % fee is 0.75%.

It grows an average of 10% every year. At the end of 30 years Jennifer’s account is worth $1,125,804, with fees of $1,800 with her Ubiquity 401(k).

Joshua’s account is only worth $964,413, with fees of $66,547. Ubiquity’s flat fees could help you end up with over $161,385 more money over 30 years vs. IL Secure Choice IRA.

If you want to be able to:

• Save 3x more for retirement
• End up with more than $161,385 more money with us over 30 years¹
• Trust your retirement to the #1 ranked 401(k) provider to small businesses on Google reviews

The choice is clear: the Ubiquity 401(k). See below for even more reasons.

1.  This limit is subject to cost-of-living increases for later years (for prior years, refer to this cost-of-living adjustment table.)
2. Available to eligible employers who have less than 100 employees who received at least $5,000 in compensation in the previous year, had at least one participant who was a non-highly compensated employee, and in the last 3 years did not contribute to a benefit plan for your employees through a plan sponsored by you or a member of a controlled group that includes you.

¹ This calculation assumes the following scenario: Jennifer and Joshua each open retirement plans with $6,000 starting balance. Jennifer’s plan is with Ubiquity Retirement + Savings and her fees are flat $6/month. Joshua’s plan is with Secure Choice and his annual employee pricing fee is 0.75%. Assuming they contribute $6,000 each year for 30 years, and it grows an average of 10% every year, at the end of 30 years Jennifer’s account is worth $1,125,804 with fees of $1,800 with her Ubiquity 401(k). Joshua’s account is only worth $964,413 with fees of $66,547. Ubiquity’s flat fees could help you end up with $161,390 more money over 30 years vs. IL Secure Choice IRA.

² An evaluation has been conducted by Decimal, Inc. through its research of independent customer reviews on Google, Trustpilot, and the Better Business Bureau as reported by unaffiliated contributors on or before September 30, 2022, with a revaluation date on January 12, 2023, resulting in an updated evaluation, for four similar small-business 401(k) providers in the marketplace.

³ This percentage is based on surveys sent by Ubiquity Retirement + Savings and completed by clients of Ubiquity Retirement + Savings using specific product types.