These are the Best Retirement Plan Companies to Choose from

While it’s easy to put off your plans for retirement and worry about it later, it’s still wise to create a plan early in life. After all, you wouldn’t want to run out of money when you’re too old to work, right? In fact, the earlier you kick-start your retirement planning, the better your chances of becoming financially stable.

Whether you’re a young professional or someone who has been working for years now, knowing the top retirement plan companies is important to securing the retirement lifestyle you’re dreaming to have. Luckily, there now come a ton of impressive options for you to check out.

Below is a roundup of the best retirement plan companies you can choose from. Read on and discover what they provide, why they are rated highly, and how to get a retirement plan with them. Check them out below.

These are the Best Retirement Plan Companies to Choose from

Best Retirement Plan Companies 2020


Boasting of its strong reputation in the retirement investing industry, Fidelity Investments is widely commended for its notable retirement solutions, which you might want to take a look at.

Specifically, the firm is best known for its 401(k) plan services, which provide recipients with access to an impressive lineup of mutual funds, amounting up to more than 3,000 no-transaction-fee mutual fund options and zero-fee funds that you can invest in. Along with this, the plan services also promise affordable cost plan, with no expensive add-ons or hidden fees to be wary of.

If you’re lucky enough to have Fidelity as your 401(k) plan provider, you can tap on the company’s professional perspective, tools, and guidance to create a retirement plan that perfectly suits your needs.

You may contact them at 866-418-5173 or get in touch with their representative by visiting Fidelity’s official site.


If you’re for low-fee funds, Vanguard is the best retirement company to bet on. Specifically, the company is known for its low-cost, no-load mutual funds, which make it the top choice for long-term investors who are on the lookout for budget-friendly offerings.

As a leader in low-cost funds, most of Vanguard’s index bond funds are said to be between 0.5% to 1% lower in expenses compared to the average bond fund you can avail in the market. If ever you wish to apply for its individual 401(k) plan, expect that the firm will require no cost to set up an account, nor will it impose a minimum initial investment.

Similar to Fidelity, the firm also boasts of its large mutual funds selection, amounting up to more than 3,100 mutual funds.

To know more about its retirement services, you may contact Vanguard at 800-523-1188.

Charles Schwab

Another retirement plan company you might want to consider is the popular Charles Schwab. While Vanguard remains to be the leader of low-cost funds for investors and retirees, Schwab is trailing close behind it, especially after slashing its expense ratios to a rock-bottom 0.03% in the past years.

As a provider of retirement solutions, Schwab takes pride in its rich collection of product offerings, which include traditional and Roth IRAs, individual 401(k)s, business 401(k)s, as well as variable annuities, income annuities, and fixed annuities for retirement income plans.

To date, the company offers thousands of no-load, no-transaction-fee mutual funds, plus over 50 mutual funds of its own, which you can use to build the foundation of your portfolio. If you’re fortunate to have Schwab as your retirement plan provider, you can expect that you’ll have 24/7 customer service access regardless of how much you’ve invested.

To apply for a retirement plan, you may contact Charles Schwab at 800-724-7526.

These are the Best Retirement Plan Companies to Choose from

The Bottom Line

While it’s convenient to focus your attention on building your career as a young professional, it’s still important not to forget about what lies far ahead.

Have you made up your mind which among these three close competitors would you trust for securing a financially stable retirement? To know more, reach out to a financial advisor today.