Giving financial professionals the power to

Set up 401(k) plans for small businesses without investing a lot of time and resources.

Set up 401(k) plans for small businesses without investing a lot of time and resources.

Planning iconPlanning icon: Create a 401(k) plan proposal for your client.
Create a 401(k) plan proposal for your client
Download iconDownload icon: Download sales and education materials.
Download sales and education materials
Magnifying glass iconMagnifying glass icon: Compare retirement savings options.
Compare our solution with other types of plans

Finally. A simple way to reach more of the small business market.

Even if a business is small, it can still take a lot of time and effort to set up a retirement plan from the ground up. And with all the demands you already manage, growing your small business client base may be challenging. We can help change that.

Simply Retirement by Principal® makes it easy to create and quote plans online—so you can spend less time managing paperwork and more time providing the guidance your clients need. It’s a simple solution for new 401(k) plans for businesses with fewer than 100 employees.

Why choose us

What Simply Retirement by Principal® can do for you.

Many small business owners don’t feel comfortable navigating retirement plans on their own. They have questions, they need guidance, and many don’t know where to start. That’s where your expertise is essential. This simple 401(k) solution is designed to take less of your time to set up, so you can focus on having the conversations that make a difference for your clients. Just plug in your compensation and a few selections to create a proposal, and have your client complete the purchase. Then leave helping with tasks like plan compliance testing and reporting to us.

Create quick client proposals your way, when it works for you

Simply Retirement by Principal® allows you to engage your clients the way that works for you, at any time and on any device. Create, customize, and send a proposal to your client, or walk through the process with them step by step.

Create a proposal using the interactive planner.

Lifesaver Icon
Expand your opportunities

This streamlined solution allows you to connect with more small business clients and build relationships you may not have had before.

Stopwatch Icon
Create proposals faster

Here’s a simplified 401(k) plan design and onboarding process with an online experience that saves you time and gives you a competitive advantage.

Coins Icon
Help your clients save more

A solution that has the same recordkeeping price for all customers. Period. And that price doesn’t change as your client’s plan assets change.

Rocket Icon
Get a jump-start on sales materials

From educating customers to presenting plan features, our resources can help you make the most of your time.

Create quick client proposals your way, when it works for you

Simply Retirement by Principal® allows you to engage your clients the way that works for you, at any time and on any device. Create, customize, and send a proposal to your client, or walk through the process with them step by step.

Create a proposal using the interactive planner.

Simply Retirement by Principal® costs

Up front

$500

One-time setup fee

Every month

$150+
$6for every
participant
*

Your clients can save with flat-fee 401(k) plan pricing.

Other 401(k) plans may increase recordkeeping fees to business owners as the total account balances increase. Not with the Simply Retirement by Principal® 401(k) plan. No guessing and no changes as employees contribute. It’s a predictable model they can plan for.

Quote a plan for your client

Two experienced brands. One seamless solution.

Simply Retirement by Principal® is a collaboration between two companies that have helped thousands of small businesses navigate retirement plans successfully. It’s backed by 75-plus years of retirement expertise from *, along with the 20-year track record of Ubiquity Retirement + Savings®. Once your clients purchase a plan, they’ll manage it on the same convenient digital platform used by more than *.

Learn more about our collaboration.
Principal logo
Ubiquity Logo

Ready to create a plan proposal for your client?

Here's what will happen next:

Check Mark In Circle Icon

Confirm your credentials are in our system.

User Icon

Provide the required information about your client.

List Icon

Review the proposal and send it to your client to complete the purchase.

User on Webpage Icon

After purchase, your client can create a login and finish setup.

Questions Icon

Still have questions?
We have answers.

How will my financial professional fee be paid?

You have two options: bill your fee to your client separately or have it deducted each quarter from participant accounts. In terms of fees, you can charge a fixed fee, 25 basis points, or 50 *

Additional fee payment details

How can my clients benefit from SECURE Act tax credits?

The SECURE Act offers a tax credit that can help offset a portion of your clients’ startup costs for a new 401(k) plan. There’s also a tax credit for automatic enrollment, which is a feature of the plan.

SECURE Act tax credit specifics

Where do I fit and add value in the sales process?

Although business owners can design a plan, many won’t—because they need expert guidance before they’re comfortable making a purchase. From safe harbor to compliance testing, your value is in helping them understand the tough stuff.

Expand your tool kit with sales materials

How does this 401(k) plan compare to traditional plans?

Simply Retirement by Principal® is 100% online, from plan design and purchase to onboarding and administration. It’s also designed specifically for businesses with fewer than 100 employees.

401(k) plan comparison

*Recordkeeping-fee:Fees paid by the business owner are billed quarterly. Fees paid by participants are deducted monthly from participant accounts. Participant fees are charged if there is a $100 account balance, regardless of whether the participant is active or inactive. Custodial and investment fees are charged against participating employees’ accounts (those vary by investment and range from 0.10% - 0.80%, as of May 1, 2020). If the business owner chooses to work with a financial professional, their fee is also additional and may be billed to the business owner or deducted from participant accounts.

*What’s included: Plan costs are billed quarterly. Custodial and investment fees are charged against participating employees’ accounts (those vary by investment and range from 0.10% - 0.80%, as of May 1, 2020). Should you choose to work with a financial professional, their fee is also additional.

*Principal: As of Dec. 31, 2019.

*7000 Ubiquity small business customers: As of July 2019.

*Basis points: If the quarterly calculated fixed fee is greater than 50 basis points, then 50 basis points will be charged to the plan. This is only for plans that have a plan balance of $5,000 or more at the end of the quarter. If the plan balance at the end of the quarter is less than $5,000, then no financial professional fee will be charged to the plan.

Intended for financial professional use.

1178535-052020