Employee Fiduciary
401(k) software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$500 per year
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What is Employee Fiduciary
Employee Fiduciary is a 401(k) plan administration and recordkeeping platform used to set up and manage employer-sponsored retirement plans. It supports plan sponsors with core functions such as participant accounts, contributions processing, compliance testing, and required reporting, typically in coordination with third-party payroll providers and investment custodians. The product is primarily used by small to mid-sized employers that want a bundled provider for ongoing plan operations. It differentiates through an emphasis on bundled administration services alongside the software portal used by employers and participants.
Bundled administration and recordkeeping
Employee Fiduciary combines software access with ongoing plan administration services, which can reduce the number of vendors a plan sponsor coordinates. The offering typically covers core operational tasks such as contributions processing, participant recordkeeping, and compliance support. This model can be simpler for employers that do not have in-house retirement plan expertise.
Core ERISA compliance support
The platform supports common 401(k) compliance workflows such as nondiscrimination testing and preparation of required plan reporting. These capabilities help plan sponsors meet recurring regulatory obligations and deadlines. For employers comparing providers in this category, having compliance work packaged with the system is a practical advantage.
Employer and participant portals
Employee Fiduciary provides online access for employers and participants to view plan information and complete routine actions. Portals can reduce reliance on paper processes and email-based requests for standard tasks. This aligns with expectations for modern 401(k) providers that offer self-service alongside service teams.
Limited public product detail
Compared with some providers in this category, publicly available documentation on APIs, data exports, and detailed feature coverage can be limited. This can make it harder for buyers to validate integration fit and operational workflows before contracting. Prospective customers may need demos and direct Q&A to confirm requirements.
Integration depth varies by payroll
401(k) operations often depend on payroll connectivity, and integration depth can vary by payroll system and file format. If a direct integration is not available, employers may rely on manual file uploads or custom processes. This can increase implementation effort and ongoing administrative overhead.
Not a full HCM suite
Employee Fiduciary focuses on retirement plan administration rather than broader HR, benefits, and payroll functions. Organizations seeking a single system for HRIS, payroll, and benefits administration will likely need additional platforms. This can add vendor management and data synchronization work.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| 401(k) Plan — New (Start-Up) | Establishment fee: $500 (one-time); Annual base fee: $1,500 (covers up to 30 eligible employees); Custody fee: 0.08% of plan assets; Additional employees: $30 per additional eligible employee. | Employee Fiduciary states the annual fee covers recordkeeping, third-party administration, and custody services; "base fee covers up to 30 employees" is explicit on the official pricing page. |
| 401(k) Plan — Existing (Conversion) | Annual/base fee: $1,000 (as listed under "Existing (Conversion) Plans" on the pricing page); Custody fee: 0.08% of plan assets. | The pricing page lists $1,000 for "Existing (Conversion) Plans" immediately after the base-fee line; page layout is terse. |
| Solo 401(k) Plan — New (Start-Up) | Establishment fee: $250 (one-time); Annual base fee: $500; Custody fee: 0.08% of plan assets. | Page notes a solo 401(k) can only cover business owners and their spouses. |
| Solo 401(k) Plan — Existing (Conversion) | Annual/base fee: $500 (listed as "Existing (Conversion) Plans"); Custody fee: 0.08% of plan assets. | The pricing page shows $500 for the existing/ conversion solo plan line. |
Additional notes:
- Employee Fiduciary’s site also highlights "Starting at $1,500 annually" for small-business 401(k) plans on its Solutions/401(k) page.
- The pricing page includes an interactive calculator and a "Get a Quote" option for a custom price.
- Where the page structure is terse/ambiguous (e.g., placement of the $1,000 "Existing (Conversion) Plans" line), the values above are transcribed exactly as shown on the official pricing page.
