Vanguard Workplace Solutions
Vanguard Workplace Solutions Pricing
Vanguard Workplace Solutions pricing: 5 plans and the extra fees to budget for.
Vanguard Workplace Solutions plans
VRPA bundled, up to 15 participants
Quote only
$4,850 a year under $10M in assets, $4,075 above $10M
- Recordkeeping and plan administration
VRPA bundled, 16-50 participants
Quote only
$4,850 a year base (under $10M) plus $75 a year per participant above 15
- Above 1,000 participants, $55 a year per participant
VRPA unbundled (with a TPA), up to 15 participants
Quote only
$3,775 a year under $10M in assets, $3,000 above $10M
- Recordkeeping by Vanguard, plan administration by a third-party administrator
Direct recordkeeping
Quote only
Quoted
- Maximum control and plan design flexibility
Pooled employer plan (PEP)
Quote only
Quoted
- Fiduciary responsibility delegated to a consultancy
Price at a glance
Pricing model
Base fee + per employee
Price transparency
Partly published
Extra and hidden costs
Implementation fee
Implementation: Plan installation and setup fees are charged separately; amounts not published.
Plan installation and setup fees
Listed by the vendor
Participant transaction fees for distributions and loans
Listed by the vendor
Ancillary services such as self-directed brokerage accounts and financial wellness
Listed by the vendor
Conversion fee
Listed by the vendor
Fund expense ratios
Listed by the vendor
Price comparison
| Product | Starting price | Pricing model | Pricing details |
|---|---|---|---|
| Fidelity Workplace Investing | $100/mo | Base fee + per employee | Fidelity Workplace Investing plans and prices |
 | $80/mo + $5/employee/mo | Base fee + per employee | Human Interest pricing |
 | $100/mo + $5/employee/mo | Base fee + per employee | Betterment at Work plans and prices |
| Principal Financial Group | $145/mo + $6/employee/mo | Base fee + per employee | Principal Financial Group plans and prices |
| Vanguard Workplace Solutions | Quote only | Base fee + per employee | Vanguard Workplace Solutions pricing |
| Empower | Quote only | What Empower costs |
Lowest published list price per month, cheapest first at 25 employees; quote-only products show no price.
Frequently asked questions
How much does a Vanguard 401(k) cost?
For VRPA, the bundled annual service fee starts at $4,850 for up to 15 participants under $10M in assets, plus $75 a year per participant from 16 to 50.
What fees are not included in VRPA pricing?
Plan installation and setup fees, participant transaction fees for distributions and loans, ancillary services and conversion fees.
Can a VRPA plan use non-Vanguard funds?
Yes. Plans can use about 12,000 non-Vanguard funds as well as Vanguard funds, stable value funds and company stock.
Can a Vanguard plan use a 3(38) fiduciary?
Yes. VRPA accommodates firm-specific 3(21) and 3(38) arrangements and model portfolios.
What does Vanguard Workplace Solutions charge beyond the subscription?
Vanguard Workplace Solutions lists 4 extra costs: Plan installation and setup fees, Participant transaction fees for distributions and loans, Conversion fee, and Fund expense ratios.
Does Vanguard Workplace Solutions charge an implementation fee?
Yes. Vanguard Workplace Solutions lists an implementation fee: Plan installation and setup fees are charged separately; amounts not published.
Which Vanguard Workplace Solutions plan should I choose?
VRPA bundled, up to 15 participants: recordkeeping and plan administration. VRPA bundled, 16-50 participants: above 1,000 participants, $55 a year per participant. VRPA unbundled (with a TPA), up to 15 participants: recordkeeping by Vanguard, plan administration by a third-party administrator. Direct recordkeeping: maximum control and plan design flexibility.
Who makes Vanguard Workplace Solutions?
Vanguard Workplace Solutions (a 401(k) providers provider) is sold by The Vanguard Group, Inc., founded in 1975 and headquartered in Valley Forge, Pennsylvania, USA. Its plans and contract terms are set by The Vanguard Group, Inc.; see the The Vanguard Group, Inc. company profile for the products it sells and its ownership.
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