Saveday

301 Congress Ave, 78701, Austin, United States
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3.27
Based on 11 Reviews

5

54.55%

4

0.00%

3

0.00%

2

9.09%

1

36.36%
About Saveday

SaveDay is the only $0 employer cost 401(k).

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Jeffrey Wheeler
GB

Great service Great service! SaveDay has done a good job of being responsive and helping with issues when I needed. I was using Guideline before, and they didn't allow for any accommodations to adjust for our circumstances, and it was a bad experience. I've enjoyed using SaveDay and I think it's been a good thing for our company and employees. I do wish we had a bit more flexibility in investment options, though. I hope that's in their product roadmap!

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Hake Publishing
GB

SaveDay saves the day: Low-cost 401(k) provider with top-notch support. SaveDay, in our eyes, is the best 401(k) provider on the market for one fantastic reason: Their technology and fee structure means employers spend nothing to set up and maintain the plan, and employee accounts have a negligible AUM fee that is lower than that of most 401(k) providers. Compared to other "discount" 401(k) providers -- and we looked at many -- SaveDay's bargain almost sounds too good to be true. But, happily for us, it is true. With SaveDay, we can actually provide 401(k) accounts to college students in temp summer jobs, giving them a beautiful head start on retirement saving at zero cost to us as the employer. As another reviewer put it, what we save in fees we can now spend toward a company match for our employees. Plus, we don't have to worry about excessive fees overwhelming the value of a small initial account size. Can you imagine paying $8 per month at a "discount" 401(k) provider to maintain a tiny $100 retirement account for a temp employee? Who wants to pay 8% per month in fees? The math means most businesses will only offer 401(k)s to full-time salaried employees, while part-time and seasonal employees are left out. But SaveDay's AUM fee on a temp employee's tiny $100 account is about 3 cents per month, far less than a typical mutual fund. This cost structure is a game-changer for small businesses and, more importantly, for small-business employees, especially part-time and seasonal workers. SaveDay is shifting the entire ballgame in favor of the little guy. Even so, we were admittedly a little hesitant to sign up. Because of the low cost, we were expecting a low level of service, but we could not be more wrong. Our biggest surprise was the level of detailed attention that we received from SaveDay when setting up the plan, which one of their experts customized to our highly particular desires. After that, the same contact person proactively reached out to help us set up our initial contribution processing. We didn't actually need that help because SaveDay's online system is so easy to use, but it was nice to have a friendly expert available to call or email at a moment's notice. We have now been working with SaveDay for six months since our initial contact, and we couldn't be more pleased. Support has been phenomenal. Funding has been seamless and fast. Employees have direct login access to their accounts and allocations. Everybody is saving. Everybody is happy. SaveDay might be a hidden gem today because of its (relative) newness on the market, but mark these words: SaveDay will become one of the biggest names in an industry that is overdue for some much-needed disruption. Just watch!

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Stephen Parramore
GB

Never would I trust these fools Never would I trust these fools! These i DOITS want even unsubscribe my email that they continue to harass me through. I’ve asked and called and continue to be ignored. If they can’t handle such a simple request then I definitely would not trust them with my hard earned money!

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Portia Sunney
GB

Stay far away. Legit financial businesses don't use spam to advertise. I run a non-profit gym with zero employees, and received this spam comment today through our online enrollment form: "At SaveDay, a 401(k) is easy to set up or transfer, easy to understand, and easy to manage. There is absolutely no cost to set up a 401(k) plan with us or switch from your current provider. We don’t hide extra fees in the small print, our investments are smart, transparent, and grow freely. In other words, we save you money! We integrate with any payroll provider and can have you up and running before your next payroll. May I send you our performance review? Sincerely, Shannon Summers Business Development Officer (512) 957-6674 Respond with stop to optout." While Googling the phone number to find out who this is, I discovered more spam comments on other sites from both Shannon and "James Merrill Business Development Officer (512) 957-6674"

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Peter Nassar
GB

Good investment return Low fees. Easy interface. Good return on my investments

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