iQ401k (Division of FPL Capital Management)
iQ401k (Division of FPL Capital Management) offers a true “open architecture” retirement plan platform using Vanguard Retirement Plan Access™.
They provide ERISA 3(38) and 3(21) fiduciary services for 401(k) and Defined Benefit/Cash Balance plans. They are also CEFEX Certified.
Plan features include Pre-Tax, Roth, After-Tax (Mega Backdoor Roth), and Self-Directed Brokerage Accounts, robust investment lineup consisting of low-cost passive index funds, and professionally managed asset allocation models.
They specialize in medical and law practices. Services are offered on a flat-fee basis. Base annual fee of $2,500 plus $200 per participant, with a one-time setup fee of $2,500 plus $100 per participant. For new or start-up plans, they charge 70 bps (0.70%) of assets till plan assets reach $357,000.
Looking to evaluate your current retirement plan? Check out their My401kScore tool.
- Services: Workplace retirement plans
- Fee Structure: Flat-fee
- Location: Metairie, LA
- Application, ADV2
- Website, [email protected], (888)401K-375
Fee Structure:
Base annual fee of $2,500 plus $200 per participant, with a one-time setup fee of $2,500 plus $100 per participant. For new or start-up plans, they charge 70 bps (0.70%) of assets till plan assets reach $357,000.