Customer Success: Dexisive Inc.

In the DC area, there are a lot of IT companies competing for the same employees. Without a competitive benefits program that includes a 401(k) plan, you’re simply swimming upstream.”

— Dr. Jack Murphy, COO

Challenge

Find the ‘best fit’ 401(k) plan for his growing small business, not an entire benefits package provider
Offer a competitive 401(k) plan to help with hiring and retaining highly skilled IT employees in the D.C. area
Locate a plan provider that would help his employees make smart investment choices and didn’t require him to be their ‘personal financial advisor’
Online access to 401(k) account information was an absolute must

Solution

Contacted a ShareBuilder 401(k) consultant who explained the different low-cost 401(k) plan options available without trying to sell him a host of other benefits
Set up a company-matching PLAN4TEN 401(k) program that ‘auto-enrolled’ all Dexisive employees into the plan to encourage participation
Set default employee deduction levels to take advantage of the maximum company match amounts and could be increased or lowered per each employee’s request
ShareBuilder’s simple 5-step online training made it easy for his employees to get started with their accounts

Result

Describes the ‘price of entry’ as very low compared to other plans in terms of the cost, amount of paperwork, and the ease of setup
100% of Dexisive employees immediately began participating above the company match limit and have expressed their appreciation for the new program
Employees like the online account access and the level of detail and transparency offered by the on-demand reports
Very satisfied, Dr. Murphy has already recommended ShareBuilder 401(k) to several other small businesses with which he works

Dexisive Inc. is a highly experienced IT systems integrator supporting government divisions such as Housing and Urban Development and the Department of Defense in the areas of enterprise management, security and network design. Looking to hire and retain IT experts in the very competitive Washington, D.C. market, Dr. Jack Murphy, COO, wanted to augment the company’s benefits offering with a company-match 401(k) plan.

We investigated ShareBuilder 401(k) and came to the conclusion that the price was right and its online plans and tools would be attractive to the young IT professionals we’re trying to hire.”

“Our current employees were anxiously waiting for the plan to launch and immediately started participating above the company-match limit of 6%. They clearly see it as one of the more valuable benefits we can offer them.”

— Dr. Jack Murphy, COO

Our auto-enrollment feature will help your employees get involved in your 401(k) program. Your employees are automatically enrolled in your 401(k) plan with a preset contribution amount, generally 3% of salary. For businesses that use auto-enrollment, the average employee 401(k) participation rate skyrockets to 92% versus the overall average participation rate of 66%¹. Of course, employees can always opt out if they prefer not to participate in your company’s 401(k) plan.

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While each “Customer Success” is a true experience of an actual ShareBuilder 401(k) Plan customer, ShareBuilder does not represent or imply that every consumer has had or will have a similar experience. Results can vary because of many factors, including individual financial objectives, business structure, tax considerations, portfolio selections, and changing market conditions.

Sharing a “Customer Success” with you should not in any way be considered investment or tax advice, nor a recommendation by ShareBuilder Advisors LLC.