Do Better​ than Maine State Mandate plan 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 Maine’s state plan,​ your fee will get bigger and bigger as your retirement​ balance grows over the years. Over 30 years you could end up with over $184,440 more money with us vs using the Maine state plan¹. 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 $5/month. Joshua’s plan is with Maine State IRA and his annual asset based % fee is 1.05%.

It grows an average of 10% every year. At the end of 30 years Jennifer’s account is worth $1,088,436, with fees of $16,146 with her Ubiquity 401(k).

Joshua’s account is only worth $903,996 with fees of $88,981. Ubiquity’s flat fees could help you end up with over $184,440 more money over 30 years vs. Maine State IRA¹.

If you want to be able to:

• Save 3x more for retirement
• Potentially 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 reviews²

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. Eligible employers may be able to claim a tax credit of up to $5,000, for three years, for ordinary and necessary costs of starting a 401(k) plan. IRS’ qualifying factors are: you had 100 or fewer employees who received at least $5,000 in compensation from you in the preceding year, you had at least one participant who was a non-highly compensated employee (NHCE) and in the three tax years before the first year you’re eligible for the credit, your employees were substantially the same employees who received contributions or accrued benefits in another plan sponsored by you, a member of a controlled group that includes you, or a predecessor of either. Those plans with automatic enrollment can claim a tax credit of $500 per year for a 3 year taxable period.

¹ 1 This calculation assumes the following scenario: 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 $5/month. Joshua’s plan is with Maine State IRA and his annual asset based % fee is 1.05%.

It grows an average of 10% every year. At the end of 30 years Jennifer’s account is worth $1,088,436, with fees of $16,146 with her Ubiquity 401(k).
Joshua’s account is only worth $903,996 with fees of $88,981. Ubiquity’s flat fees could help you end up with over $184,440 more money over 30 years vs. Maine State 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.