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AB401k Review

3

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Very good

Revainrating 4.5 out of 5  
Rating 
4.3
HR, 401(k) Software

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Description of AB401k

America's Best 401k solves the primary problem that exists with the majority of existing 401k plans. It is our mission to rescue 401k plan participants from high, unnecessary, and unreasonable fees, and help secure a more comfortable retirement for you and your employees.

Reviews

Global ratings 3
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Type of review

Revainrating 4 out of 5

Simple investing tool that helps with long term savings growth

The system was easy to navigate through to find my options for investments. We were able to set up monthly contributions as well as auto-enroll in employer match funds. There needs to be an easier way to view past investment performance. I wish there would have been some sort of historical view so we could see previous years' returns without having to go back multiple months/years at a time. Investing in the stock market can get very complicated and overwhelming. This helped us keep it simple…

Pros
  • Easy, quick access with short amount or questions from admin staff.
  • Simple interface makes managing retirement account pain free even if you aren't tech savvy (like myself)
Cons
  • No ability within platform itself is unable do provide any insight about how your portfolio has performed over certain period

Revainrating 5 out of 5

Everything i need is there and even more that you didn t think possible

I like how easy it was when we enrolled into this account as well what benefits are offered here such us medical insurance etc.. The whole process could be simplified at times but other than those few minor hiccups everything went great! Nothing so far!! If u want an all in one package then consider taking advantage off these services they will really save ur time especially if working outside US or UK where timings can differ by 12 hours which isn't good enough sometimes considering some cases

Pros
  • Flexibility
  • Variety options to choose from
  • Availability is amazing, 24/7 service available.
  • Very customer oriented people who takes care for our needs very professionally hence no complaints whatsoever ! :)
Cons
  • None

Revainrating 4 out of 5

Great alternative for employee funded retirement plans

The flexibility in terms of choosing investments (mutual funds). I like how easy it was to set up this account compared to other investment options we had before switching over. Not much - maybe some tax advantages? Nothing really! We have been able compare different mutual fund choices within an employer sponsored 403b/457l savings accounts vs these new alternatives offered by my employers through their HR department. Our previous choice were very expensive so moving forward now allows us…

Pros
  • I like the flexibility of investing in different funds within this program compared to other companies we had used up to now (e trade, Fidelity etc
Cons
  • Just the fees associated within these plans as compared to other investments we have used or known of before