Features to Look for in 401k Suite

I am opening up my own pet boutique based out of my garage. I will be employing a couple of other people to help me out and I want to set up a 401k plan for my business. I am looking for a DIY 401k suite that will take care of the entire set up and administration yet be simple enough for me to use without hiring technical help as well. Gregory D. Cooper, KY 42056

Gregory, a DIY 401k suite will definitely make setting up your 401k plan easy. Most of these plans are also designed to make monthly updation of your accounts simple and fast so that you only need to spend a few minutes each time. For a small business like yours this is really the best deal.

As for being able to use it without extra technical help, you should make sure that the following aspects are covered when you shop for your 401k suite:

  • Your suite should be able to run on any platform- PC, Mac, Unix or others. In case you want to change to another system in future, this feature will ensure that you can simply move your software to the new system without hassle.
  • Make sure that your existing internet connection will suffice for the 401k plan. If possible try out a demo version using your internet connection to ensure that you can use it without trouble. If you are planning on upgrading your connection in future, then the best 401k package for you is one that can work with all types of connections includingDSL, ISDN or even dial up. While you are at this, also check if the 401k works with all of the popular browsers like Internet Explorer, Google Chrome, Firefox etc.
  • Avoid 401k packages that are top heavy with ActiveX or Java applets that can slow down the overall performance especially if you use slow speed connections. What you need is a reliable and efficient 401k management package like http://smallbusiness401k.com/ that comes without extra frills that hamper its usability.

You can browse online to see what other users are saying about the various packages that are available online. Make sure to try demos of a few before you decide on one.

About Elliot Earl, Director, Pension Trade Association
Director, Pension Trade Association Founded in 1982, the Pension Trade Association [California Domestic Nonprofit Corporation #C1629080] is dedicated to helping workers save for their retirement through expanded coverage of 401k -type defined contribution pension plans.

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