| Any info on what funds do they offer? The site is completely void of any useful information, and I find it very hard to believe that they can offer good funds with costs lower than Vanguard, when this is such a scale-sensitive industry. [Edit] $8/month = $56/year, divided by Vanguard's 0.0018 equals $31k. So if the employee has in his 401k: - $20k, the equivalent fee is 0.41% - $50k, the equivalent fee is 0.24% - $120k, the equivalent fee is 0.18% - $200k, the equivalent fee is 0.16% - $1M, the equivalent fee is 0.136% |
Having used Vanguard's site to manage my Google 401k, I can say it wasn't (and still isn't) the most usable website in the world, and I have no doubt the plan administration also isn't the most usable thing in the world. Then again, Google was normally pretty smart about which vendors they chose and they used Vanguard (and might still use --- I have no idea).
It is interesting that Guideline's whole blog post was about low cost and almost certainly Vanguard is a less expensive option (in addition to being secure and battle tested and they also probably have hired some lawyers).
When I watched Captain401's (YC company, https://captain401.com) presentation about their similar product, their whole pitch was about how much easier their service made administration and setup of the plan.