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ForUsAll has transformed the way small companies handle their 401k administration. Users rave about the time savings and ease of use that …
Overview
What is ForUsAll?
ForUsAll headquartered in San Francisco offers their automated 401k administration software for businesses.
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What is ForUsAll?
ForUsAll headquartered in San Francisco offers their automated 401k administration software for businesses.
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What is ForUsAll?
ForUsAll Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
ForUsAll has transformed the way small companies handle their 401k administration. Users rave about the time savings and ease of use that come with this platform. The business problems solved are significant and include handling fiduciary recordkeeping and notification tasks digitally, saving a significant amount of time and coordination efforts.
One of the biggest challenges in small firms is low employee participation rates in their 401k plans. ForUsAll addresses this issue by auto-enrolling staff at a designated percentage and making it simple for employees to opt-out or change the percentage if they wish to do so. With streamlined fund choices, employees can understand their options better and make selections that meet their needs, further increasing participation rates.
ForUsAll's low fees keep both employees and the company happy, enabling them to keep more money for investment. The service also takes over 100% of the 401k administration, allowing small firms to save a lot of time while providing excellent employee benefits without overwhelming administrative overhead. Overall, users have found that ForUsAll's quick response time, easy enrollment process, smooth employee eligibility determinations, and streamlined 401k process significantly solve many business problems faced by small businesses.
Automated Emails and Reminders: Users appreciate ForUsAll's automated emails and reminders, which provide a sense of ease and hope that the experience would be easy to work with. Many reviewers have noted that this feature makes it easier for them to manage their 401k plans without having to worry about missing important deadlines or tasks.
Low Fees: ForUsAll's low fees are praised by many users who find almost everything paperless, reducing the administrative burden for employers. Reviewers note that these low fees make it easier for them to offer retirement savings benefits to their employees without breaking the bank.
Intuitive Platform: The platform is very intuitive and easy to navigate, making it simple for employees to get started and for employers to manage their 401k plans with ease. Several users have mentioned that they appreciate how user-friendly the platform is, as it reduces confusion and increases participation rates among employees.
Difficulty reaching customer support: Some reviewers have expressed frustration with the difficulty of contacting ForUsAll's customer service team. They reported that it was almost impossible to reach them even during business hours, which caused delays in resolving their issues.
Poor reporting on admin site: Several users wished that there was better reporting on the employer dashboard and more detail provided on the admin site. This would help them keep track of important information and make informed decisions about their retirement plans.
Lack of intuitiveness: Some reviewers found ForUsAll's software not very intuitive and required a basic level of tax and 401 Roth background that could be explained on the site. Additionally, they wished that it was easier to navigate the more in-depth options and that the portfolio analyzer was more detailed.
Users greatly appreciate ForUsAll for its fiduciary responsibilities, peace of mind, and exceptional customer support. They commend ForUsAll for fulfilling its fiduciary obligations with utmost dedication, providing users with a sense of trust and confidence in the company's financial management. The peace of mind that comes with knowing ForUsAll takes these responsibilities seriously is highly valued by customers. Moreover, ForUsAll's customer support has been praised for its promptness and extensive knowledge, consistently providing assistance and resolving queries effectively. Overall, users find ForUsAll's fees worth it due to the comprehensive fiduciary services and excellent support they offer.