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401go

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Company Research Report: 401GO



Company Overview



  • Name: 401GO

  • Mission: 401GO aims to revolutionize the retirement industry by offering fast and affordable 401(k) plans using pioneering technology, thereby making financial security accessible to businesses of all sizes.

  • Founded By:

  • Dan Beck: CEO, Co-Founder

  • Nate Beck: CTO, Co-Founder

  • Jared Porter: COO, Co-Founder

  • Headquarters: 9815 Monroe St. #301, Sandy, Utah 84070

  • Number of Employees: No information is available.

  • Revenue: No information is available.

  • Known For: 401GO is known for its innovative technology in providing 401(k) solutions, making it easier and more affordable for small to medium-sized businesses to offer retirement plans.


Key People



  • Dan Beck: CEO, Co-Founder

  • Nate Beck: CTO, Co-Founder

  • Jared Porter: COO, Co-Founder

  • Ted Haase: Chief Revenue Officer

  • Paul Romm: VP, Partner Enablement

  • Judd Bagley: VP, Marketing

  • Joe Marullo: Chief of Staff

  • Matt Jones: Director of FP&A

  • Sue Hardy: Head of Plan Operations

  • Raiden: Chief Morale Officer


Products



401GO offers a variety of 401(k) plans specifically designed to cater to businesses of different sizes and needs.

Product Offerings



1. GO-Starter Plan
  • Cost: $25 per month, $4 per participant, 0.3% AUM fee.

  • Description: Suitable for startups and very small businesses, offering a cost-effective alternative to state plans.


2. GO-Plus Plan
  • Cost: $79 per month, $9 per participant, 0.3% AUM fee.

  • Description: Most popular among small businesses, offering a comprehensive range of features with moderate pricing.


3. GO-Max Plan
  • Cost: $99 per month, $9 per participant, 0.3% AUM fee.

  • Description: Designed for maximum savings with full features for businesses aiming for comprehensive retirement options.


4. Solo 401(k)
  • Cost: $299 first year, $199 per year thereafter, no participant fee, 0.3% AUM fee.

  • Description: Tailored for sole proprietors, offering robust retirement solutions suitable for individual needs.


Key Features


  • 15-Minute Setup: Fast and easy plan setup.

  • Personalized Support: Human-centered support alongside automated services.

  • Integration Options: TRUE-360 allows integration with most payroll providers.

  • Investment Management: Includes Guided Portfolio Builder, diverse investment choices, and 3(38) fiduciary options.

  • Compliance and Administration: Automated compliance testing, Form 5500 filing, and more.


Recent Developments



New Products and Features


  • Cash Balance Education Webinar Series: Introduced to educate participants and advisors about cash balance retirement solutions.

  • Partnerships: Recently formed partnerships with companies like Pontera and DriveWealth to enhance personalized 401(k) management and expand product offerings.


New Initiatives


  • SECURE 2.0 Provisions: Preparing to implement key changes due in 2025, like mandatory automatic enrollment and employer-sponsored emergency savings accounts.


New Partnerships


  • Pontera Partnership: Announced in September 2024, to provide personalized 401(k) management services.

  • DriveWealth Partnership: Partnered in February 2023, to expand training and financial wellness offerings.


Market and Industry Insights



401GO is emerging as a disruptive force in the retirement industry, largely due to the smart automation and bundling of services that allow them to offer highly competitive pricing. They evolve their features in alignment with legislative changes, like the SECURE 2.0 Act, demonstrating a proactive approach in staying ahead in the market.

This detailed and professional report encompasses all critical components of 401GO, offering valuable insights into the company’s operations, product offerings, recent developments, and market approach. Such comprehensive analyses are instrumental in understanding how 401GO manages to stand out in the competitive realm of retirement planning solutions.