A traditional 401(k) plan can only be set by the employer. Finhabits IRAs can be set by the individual or employee.


What's important to note is that most 401(k)s plans ask your employees to choose their own investment funds. They often offer minimal information on fees, track record, and on how to allocate funds to optimize their investment.


Finhabits at Work, on the other hand, includes investment advice. This advice is personalized to help employees meet their own retirement goals and is based on their financial profile, so things like income, net worth and marital status are taken in consideration.


Lastly, most 401(k) plans have expensive and complex fee structures while Finhabits IRA has a simple fee.

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