BenefitGuard vs UruIT

Nobody eliminates 401(k) cost, risk, and work like we do.

The traditional 401(k) model is broken. Employers spend too much time on plan administration and assume too much liability only to provide a plan that is too expensive for employees. BenefitGuard is fixing that. Over the past few years, BenefitGuard has dissected a complex industry and developed a plan structure that will change the way employers approach 401(k) plans. Essentially, BenefitGuard signs and acts in the primary fiduciary roles on behalf of an employer. The result is a simple, yet sophisticated 401(k) plan for employers of all sizes that dramatically reduces cost, risk, and work.

This new model improves the 401(k) experience for employees, HR Managers, and company executives. Employees receive the benefit of lower fees and consequently 20-30% more retirement savings over time. HR Managers save an average of 30 hours per year by outsourcing day to day plan administration and oversight. And executives no longer have to worry about the fiduciary risks associated with 401(k) lawsuits or government audits often triggered by the difficulty of complying with complex ERISA regulations.

Enhancing US business through nearshore software development since 2007.

Whether it’s developing a new product, modernizing an existing app or ramping up your dev team, UruIT has the experience and capabilities to fulfill your expectations. We are your nearshore partner for project definition, application design, and technical development. We’ve worked with companies from startups to Fortune 500 enterprises, and our Uruguay and Colombia-based teams have worked on over 200 design and development projects.

Location: Montevideo, Uruguay