Payday Retirement Plan Solutions


It's never too late to help your employees save for their retirement while ensuring greater employee retention in your company. You've made the right choice in hiring them for the right job, now you can help them with the right retirement plan. Let us help you through the process:

Payday Retirement Plan Solutions (RPS) is committed to 100% fee transparency (see below).

Here are just some of the features and benefits of Payday Retirement program:


Eliminate Hassles of 401(k) plan Administration

  • Outsource Fiduciary & Trustee Services to Payday
  • Administrative Services and Recordkeeping provided.
  • No More IRS form 5500 to file
  • No More Plan Audits – Saves you thousands Annually
  • Outsource loan and distribution processing

Low Cost, no load mutual funds and Below Average Asset Expenses on the market

  • Ask us for a quick quote

Investment Options

Mutual funds purchased at NAV (no-load) from "open architecture" family of funds
  • Vanguard
  • Fidelity
  • American Funds
  • T.Rowe Price
  • MFS
  • SSgA
- Highly Rated funds - Performance and Prospectuses are Online
- Highly Rated funds - Managed portfolios to make investing easy.

Virtually Zero Company Costs:

Set-up (one time cost) 0
Old Plan Takeover (one time cost) $350 plus $3 per participant
Annual Fee $350 minimum required ($39 collected from the participants is applied to the $350 minimum)

Below Average Participant Costs

Non prorated Administration $39 annually ($9.75 deducted from the account each quarter)
One-time loan set-up fee $150 set-up plus $50 annual loan maintenance fee
Distributions $40

Absolute Fee Transparency

  • The participant fees are disclosed as a line item on the participant's statement. Fees are not "hidden" in the investment returns. 12b-1 fees paid Payday Inc are credited back to the individual participants that own the fund. This ensures absolute objectivity in fund recommendations.

Employee Access

  • Secure Website to enroll and administer retirement elections
  • Investment Advice – actually speak to an Advisor
  • Helpful online Videos and Tutorials
  • My Email Express – Balance information emailed to you every week
  • Quarterly Statements Mailed to participants home
  • Loan Service

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