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Cudos Review

2

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Excellent

Revainrating 5 out of 5  
Rating 
5.0
HR, Benefits Support

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Description of Cudos

Cudos is an innovative, IRA-based retirement benefits program that's built to serve the needs of small businesses and their workers. Employers can start their Cudos plan online in minutes with per-participant fees just $3/mo. Participants can enjoy tax-advantaged growth, automated investments as well as portable benefits that travel with them wherever they go (all with no-to-low cost fees). Cudos understands that 401(k)s are often not designed for the needs of today's companies as well as their increasingly mobile workers. That's why Cudos' simplified savings program is built with the needs of modern business in mind.

Reviews

Global ratings 2
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Type of review

Revainrating 5 out of 5

Great customer service and very quick to open new IRA

I like how easy it was for me as well my employees when starting up our account! We were able use all features right away without having any training or consultants needed at this time!! It makes everything so simple because we don't have much experience using IRAs yet but now are doing great by not needing those expensive financial advisors anymore which saves us money each month. There isn’t anything i dislike about cudos other than maybe some more options would be nice if they add them…

Pros
  • Easy to setup
  • Very user friendly interface with little steps necessary in order t o sign someone.
  • Great way f r ee quently making deposits/withdrawals w ithout being limited too many fees
  • No minimum balance
Cons
  • There are nuances

Revainrating 5 out of 5

Great Experience with Very Flexible Plans

It has been quick (less than 24 hours) for setting up accounts through my accountant as well at no cost because I have several employees who are qualified participants which was really helpful! They don't do any background checks or require proof your not currently employed by them so it makes eligibility easy but also allows me more flexibility when hiring new people. There could be some better documentation procedures put into place regarding changes made after first account set ups…

Pros
  • Flexibility in choosing how much risk is acceptable
  • Ability To Choose Your Own Options For Retirement Plans/Accounts
  • No Commissions Or Fees, Just A Low Annual Cost Of $15 Per Month And That's All..No Monthly Account Maintenance Charges At Any Point In Time After Setup Is Complete; Makes Setting Up An Automatic Banking System Easy With
Cons
  • Empty