SAN FRANCISCO--(BUSINESS WIRE)--Small business retirement plan pioneer Ubiquity Retirement + Savings® (Ubiquity) today announces the introduction of Single(k)® Plus, a full-service solo 401(k) plan with recordkeeping capabilities tailored to solopreneurs, freelancers and the self-employed.
With Ubiquity acting as the third-party administrator and recordkeeper, this streamlined individual 401(k) gives solopreneurs the power to easily select investments, make contributions, and track assets within the plan. Unlike most other solo 401(k) plans in the market today, Ubiquity’s Single(k)® Plus includes professional 3(38) investment oversight with Ubiquity’s CensiblyYours® fund list and model portfolios. Additionally, the new product offers full customer service support and loan provision capabilities along with all the benefits of a traditional retirement savings vehicle.
“As the self-employed economy matures, this offering further professionalizes retirement savings benefits allowing workers in this category to enjoy similar benefits to traditional career paths,” said Chad Parks, Founder and CEO of Ubiquity. “This product offers solo business owners a one-stop shop for an enhanced 401(k) plan with easily accessible documents, calculation tools and more.”
Just in time for the Sept. 15 self-employed quarterly estimated tax deadline, Single(k)® Plus also gives solo business owners the ability to deduct contributions, along with any plan costs, as a business expense.
“We strive to provide retirement savings options for all businesses at every stage in their lifecycle,” said Ashvin Prakash, Ubiquity’s Director of Product Development. “With Single(k)® Plus, individual business owners can begin contributing to a retirement plan that can remain a solo 401(k) or be easily customized to grow with their business.”
This announcement comes on the heels of Ubiquity’s selection to serve as 3(16) plan fiduciary, recordkeeper, and third-party administrator for Sallus Retirement’s new Pooled Employer Plan (PEP) as well as the addition of turnkey ESG fund options to Ubiquity’s 401(k) offerings.
For more information, please visit myubiquity.com.
About Ubiquity Retirement + Savings®
Ubiquity Retirement + Savings® is a leading financial technology company that sits at the crossroads of HCM, SaaS and robo-recordkeeping. Our mission is simple: Provide the 50-plus million Americans working for small businesses with an easy, low-cost option to save for retirement at work. The firm was a pioneer in transparent, flat-fee retirement plans, and for over 20 years, has helped more than 10,000 businesses contribute over $2.8 billion toward retirement savings. To learn more, visit: www.myubiquity.com.
