Any Maryland business with 10 or more employees that meets the following criteria must participate in a retirement plan:
You can either go with the state plan (and limited options) or you can choose the better plan: the Ubiquity 401(k).
Call toll-free 866.315.5205 to enroll today.
It’s hard to believe, but it’s true. Ubiquity has only flat fees that do not cost you more as your retirement savings grow. But with MD’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 more than $38,750 if you use the Ubiquity 401(k) plan vs. the MD state plan.
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 $5/month. Joshua’s plan is with Maryland$aves and his annual asset based % fee is 0.18% plus $30/year.
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 $1,087,049, with fees of $18,276.
Ubiquity’s flat fees could help you end up with over $38,755 more over 30 years vs. Maryland$aves IRA.
Or schedule a free consultation with a retirement specialist.
So why not choose the smarter option? If you’re looking for maximum savings potential and tax benefit, Ubiquity provides flat fee, low-cost retirement plans delivered online to you and your employees. That means no hidden fees or AUM charges in the fine print. Since 1999, we have been singular in our focus on small businesses. We have helped over 300,000 employees save for their future.
There is a misperception that setting up a retirement plan can be challenging, and oftentimes small businesses don’t have the time or the budget. That’s why Ubiquity created this Definitive Guide to Small Business 401(k), which includes everything you need to know about saving money for your business, your future, and without confusing language or too much financial jargon.
With this small business 401(k) guide, you’ll get the details how to:
Want to know more about Maryland’s state retirement plan versus a Ubiquity 401(k)? Want to see if you are Maryland$aves exempt or if your part-time employees qualify? Our experts have your back.
Call us today at 866.315.5205
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 $5/month. Joshua’s plan is with MarylandSaves and his annual employee pricing fee is 0.18% plus $30/year. 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 $1,087,049with fees of $18,276. Ubiquity’s flat fees could help you end up with $38,755 more over 30 years vs. Maryland $aves IRA.
² Information is based on Google reviews as of September 30, 2022.
³ This percentage is based on surveys sent by Ubiquity Retirement + Savings and completed by clients of Ubiquity Retirement + Savings using specific product types.