We have received increasing interest from accountants looking to set up and manage Gusto 401(k) plans on behalf of their clients. Gusto Retirement Pro is our answer to that interest.

To learn more about Gusto Retirement Pro, check out our announcement.
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Gusto Retirement is a full-service 401(k) plan. Employers pay a flat fee, employees pay an account fee and a low fund expense (depending on which funds they invest in), and everyone understands what they are paying for.
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We know that being straightforward saves time – and money. Click here for an outline of our key services and pricing.
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The typical Gusto 401(k) client is a tech-savvy company establishing a 401(k) plan for the first time. These companies typically have fewer than 50 employees and use a cloud-based payroll provider.
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That being said, many of our clients are established companies with hundreds of employees who are simply looking to minimize asset-based fees and offer the most participant-focused 401(k) plan possible.
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You can schedule time with a Gusto Retirement account executive to talk about plan design and compliance testing. Please note that every Gusto Retirement plan features automatic enrollment, and we do not currently support an hours-of-service (i.e., part-time employee) eligibility restriction.
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Gusto Retirement cuts participating employees’ costs by avoiding layers of fees and using low-cost index mutual funds. Gusto Investment Services’ managed portfolios have blended expense ratios ranging from 0.058% to 0.061% of assets under management.¹ Expense ratios for custom portfolios will vary. These expense ratios are subject to change by and paid to the fund(s). Please see the complete fund menu here.
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We also select a list of funds that are aligned with our responsibilities as a 3(38) fiduciary. Most Gusto Retirement participants will use our portfolio recommendation tool to invest in one of our recommended portfolios, but participants are given the option to create their own custom asset allocation from among the list of 41 funds that we have curated.

In your Gusto Retirement Pro account, select “Clients” then click “Add a Plan” and choose “Start a new plan.” The accountant can design the plan on behalf of the plan sponsor, or the accountant can simply enter the plan sponsor’s contact information, which will trigger an email to the plan sponsor asking them to complete plan setup.
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Whether the plan is being designed by the Accountant or the plan sponsor, an authorized representative must be duly appointed by the plan sponsor to serve as the plan’s Trustee and enter into a service agreement with Gusto Retirement.
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For your clients with an existing 401(k) plan that are interested in transferring their plan to Gusto Retirement, the first step in the conversion process is for Gusto Retirement to conduct a plan review. While most plans are somewhat similar to a Gusto 401(k) plan, there are certain features of some plans that could complicate the conversion process, and Gusto Retirement wants to ensure all parties are aware of what a specific plan’s conversion process may entail before a decision is made to move forward.
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In order to start a plan review, the adoption agreement for an existing 401(k) plan should be submitted to Gusto Retirement via our secure portal in your Gusto Retirement Pro account (select “Clients” and click “Add a Plan” > “Transfer an existing plan to Gusto Retirement” to submit the Adoption Agreement). Gusto Retirement will deliver your client’s plan review in approximately 2-3 business days to discuss any differences and next steps.
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We require all plan sponsors transferring an existing 401(k) to Gusto Retirement to set up and maintain an Enterprise plan for at least 1 year. After 1 year, the plan will be eligible to switch to a different pricing plan.
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Yes, we have several helpful documents and guides you can share with your prospective clients:

You can schedule a consultation for prospective Gusto Retirement clients by reaching out to your dedicated Sales Representative.
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Your dedicated sales representative will be your main point of contact. Or you can contact the Gusto Retirement Pro team.

¹ The managed portfolios have blended expense ratios ranging from 0.058% to 0.061% of assets under management. Expense ratios for custom portfolios will vary. These expense ratios are subject to change by and paid to the fund(s). View full fund lineup here.