Banking & Savings, Insights

Guideline 401(k) - Reviews, Benefits, Fees & Ratings

flik eco finance personal guideline 401k review

If you are looking for a comprehensive guide to Guideline 401(k)s, look no further!

In this article, we will discuss everything from reviews and benefits to fees and ratings. We will also provide tips on how to choose the right 401(k) plan for your needs. So whether you are just starting out in your career or you are nearing retirement, this article has something for you!

What is a Guideline 401(k)?

A Guideline 401(k) is a retirement savings plan that is sponsored by an employer. It is named after the section of the Internal Revenue Code that governs it.

How Does a Guideline 401(k) Work?

A Guideline 401(k) works by employees contributing a portion of their paycheck into the account. The employer may also choose to contribute, but this is not always the case. The money in the account grows tax-deferred and can be used for retirement expenses such as living costs, healthcare, and more.

What Are The Key Features of Guideline 401(k)?

The Guideline 401(k) has a lot of key features that make it a great retirement savings plan. For starters, there are no fees for participants. That's right - zero fees. This alone can save you a ton of money over the course of your career.

Another great feature is that employer contribution are always 100% vested. This means that you won't have to worry about losing any of your employer's contributions if you leave your job.

Finally, Guideline 401(k) offers a wide variety of investment options, so you can tailor your portfolio to meet your specific goals.

What Commissions and Management Fees Does a Guideline 401(k) Come With?

The fees you'll pay for a Guideline 401(k) will depend on the provider you choose and the specific features of your plan. However, there are a few common fees that most providers charge:


A commission is a fee charged by your broker or investment advisor for each trade made in your account. Commissions are typically a percentage of the trade value, and they can add up quickly if you're making a lot of trades.

Management Fee

A management fee is charged by the financial institution that manages your account. This fee covers the costs of running the account, including investment research and customer service. Management fees are usually a percentage of your account balance, and they can vary depending on the size of your account.

Other Fees

There may be other fees charged by your provider, such as account maintenance fees or withdrawal fees. Be sure to ask about all the fees associated with your account before you open it.

What Are The Advantages of Guideline 401(k)?

The advantages of Guideline 401(k) are many and varied, but some of the most notable include:

  • The ability to save for retirement on a tax-deferred basis
  • Employer matching contributions (in some cases)
  • A wide range of investment options
  • Flexibility in how you can use your account

What Are The Disadvantages of Guideline 401(k)?

The disadvantages of Guideline 401(k) are that it is an expensive plan and there are better options out there for retirement savings. The fees associated with Guideline 401(k) can eat into your investment returns, so it is important to be aware of them before investing.

Additionally, many employers do not offer this type of retirement savings plan, so you may not have access to one even if you want it.

Finally, there are better options out there for retirement savings that offer more features and benefits than Guideline 401(k). You should carefully consider all of these factors before deciding whether or not to invest in a Guideline 401(k).

What Are Some Alternatives to a Guideline 401(k)?

There are a few alternatives to a Guideline 401(k).

One is to invest in an IRA, or Individual Retirement Account. Another option is to invest in a Roth IRA.

Finally, you could also choose to invest in a 403(b) plan. Each of these options has its own set of benefits and drawbacks, so it's important to do your research before deciding which is right for you.

How Do You Open a Guideline 401(k)?

To open a Guideline 401(k), you'll need to first set up an account with Guideline. You can do this online or by calling their customer service number. Once you have an account, you can then transfer funds from your current 401(k) into your new Guideline 401(k).

The process is simple and straightforward, and Guideline makes it easy to get started with your new 401(k).

What is The Minimum Amount Required to Open a Guideline 401(k)?

The Guideline 401(k) has a minimum opening balance of $25,000. This is higher than most other 401(k) options, which typically have a minimum opening balance of $15,000. However, the Guideline 401(k) does offer some unique benefits that may make it worth the extra upfront investment.

What Are The Guideline 401(k) Contribution Limits?

The contribution limit for a Guideline 401(k) is $18,000 per year. This limit applies to both employee and employer contributions. If you're over the age of 50, you can contribute an additional $6000 per year.

What Are The Eligibility Requirements for a Guideline 401(k)?

The Eligibility Requirements for a Guideline 401(k) are that the employer must offer the plan to their employees, and the employee must be at least 21 years old. There is no maximum age limit. Employees can contribute up to $19,500 per year ($26,000 if they're over 50). The employer can contribute up to $37,500 per year.

Do You Pay Taxes On Guideline 401(k)?

The answer to this question is a bit complicated. The simple answer is that you don’t pay taxes on your Guideline 401(k) until you withdraw the money. However, there are some circumstances where you may have to pay taxes on the money before you withdraw it.

For example, if you leave your job and cash out your 401(k), you will have to pay taxes on the money. You may also have to pay taxes on the money if you take a loan from your 401(k).

The best way to avoid paying taxes on your Guideline 401(k) is to leave the money in the account until you retire. Then, you can withdraw the money tax-free.

When Can You Withdraw Money From a Guideline 401(k)?

The great thing about a Guideline 401(k) is that you can withdraw money from it at any time. However, there are some restrictions on when you can do so.

For example, if you withdraw money before you turn 59 ½, you will have to pay a penalty of ten percent. Additionally, if you take out a loan from your 401(k), you will have to pay interest on that loan.

Another restriction is that you can only contribute a certain amount of money to your 401(k) each year. This limit is set by the IRS and changes every year. For 2019, the contribution limit is $19,000.

If you're over the age of 50, you can contribute an additional $6000 to your 401(k). This is called a "catch-up" contribution and is designed to help people save more money as they get closer to retirement.

The final restriction is that you must start taking withdrawals from your 401(k) at age 70 ½. Failure to do so will result in a penalty.

How Does a Guideline 401(k) Compare to a 401K?

There are a few key ways in which a Guideline 401(k) differs from a traditional 401K.

First, with a Guideline 401(k), your employer is not allowed to make contributions on your behalf. Second, the contribution limit for a Guideline 401(k) is much lower than that of a traditional 401K ($18,000 vs. $24,000 in 2018). Finally, there are no catch-up contributions allowed for a Guideline 401(k).

What Assets Are Available With a Guideline 401(k)?

The Guideline 401(k) offers a variety of asset options for investors, including stocks, bonds, mutual funds, and ETFs. The platform also provides access to alternative investments, such as real estate and private equity.

Why Do People Use a Guideline 401(k)?

There are a few key reasons that people use a Guideline 401(k). The first is that it can be used as an investment tool. You can use your 401(k) to invest in stocks, bonds, and other assets. This can be a great way to grow your money over time.

Another reason people use a Guideline 401(k) is for the tax benefits. Contributions to a 401(k) are typically made with pre-tax dollars. This means that you can reduce your taxable income by contributing to a 401(k).

Finally, many employers offer matching contributions to their employees' 401(k)s. This can be a great way to boost your savings. Employer matching contributions are typically made in the form of employer stock.

Does Guideline 401(k) Accept Rollovers?

Yes, Guideline 401(k) does accept rollovers from other retirement accounts. This can be a great way to consolidate your retirement savings into one account and potentially reduce your fees.

To do a rollover, simply contact the provider of your current retirement account and request a direct transfer of funds into your Guideline 401(k). The provider will then send the funds directly to Guideline, where they will be deposited into your account.

How Long Does It Take to Transfer to a Guideline 401(k)?

The answer to this question depends on a few factors, but generally speaking, it shouldn't take more than a few weeks to complete the transfer process.

Of course, if you have a lot of assets in your current 401(k) plan, it may take longer to get everything moved over. But as long as you start the process early, you should be just fine.

How Do You Put Money Into a Guideline 401(k)?

There are a few different ways that you can put money into a Guideline 401(k). The most common way is through payroll deductions.

This means that you designate a certain amount of money to be taken out of each paycheck and deposited into your 401(k) account. You can also make contributions to your 401(k) account on a monthly or annual basis.

Can You Open a Guideline 401(k) For a Child?

The answer is yes, you can open a Guideline 401(k) for a child. There are a few things to keep in mind, however.

First, the child must have earned income from a job in order to contribute to a 401(k). This means that if your child is still in school or not working, they will not be able to contribute to a 401(k).

Second, the contribution limit for a 401(k) is $18,500 per year (or $24,500 if you are age 50 or older). This means that if your child earns less than this amount from their job, they will not be able to contribute the full amount to their 401(k).

Lastly, you will need to open a custodial account in order to hold the 401(k) for your child. This can be done through a brokerage firm or mutual fund company. Once the account is opened, you will be able to transfer the 401(k) into it.


About Jermaine Hagan (The Plantsman)

Jermaine Hagan, also known as The Plantsman is the Founder of Flik Eco. Jermaine is the perfect hybrid of personal finance expert and nemophilist. On a mission to make personal finance simple and accessible, Jermaine uses his inside knowledge to help the average Joe, Kwame or Sarah to improve their lives. Before founding Flik Eco, Jermaine managed teams across several large financial companies, including Equifax, Admiral Plc, New Wave Capital & HSBC. He has been featured in several large publications including BBC, The Guardian & The Times.

Related Posts