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ForUsAll Reviews & Product Details

Verified User in Education Management
AE
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
What do you like best about ForUsAll?

Customer service, direct contacts, and client problem-solving. They work behind the scenes to make sure we are compliant and that our employees get the biggest bang for their buck. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

The time zone difference is the only thing that makes things difficult on occasion. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

Streamlining our 401K process for our new hires and current employees. Review collected by and hosted on G2.com.

ForUsAll Overview

What is ForUsAll?

Provide retirement benefits your employees will rave about. Built for startups and growing businesses, ForUsAll is the first 401(k) provider to offer access to cryptocurrency. Founded in 2012 by the same team that helped build Financial Engines, the largest registered investment advisor in the country, ForUsAll’s mission is to provide everyday Americans with the tools they need to build a brighter financial future. With $1.7B in assets under management, ForUsAll serves more than 80,000 retirement savers across over 500 plans, and is trusted by companies including Solana, TaxBit, PolicyGenius, Lever, CoinList, Abra, Uniswap, Foundation Capital, and more.

ForUsAll Details
Languages Supported
English, Spanish
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Product Description

ForUsAll is a 401(k) advisor platform for small and medium sized businesses. We combine automated retirement plan administration, regulatory compliance, investment management, and personalized employee communications with high-touch advisory services, reducing the work and increasing the benefits to sponsors and their employees.


Seller Details
Seller
ForUsAll
Year Founded
2012
HQ Location
San Francisco, California
Twitter
@ForUsAll401k
662 Twitter followers
LinkedIn® Page
www.linkedin.com
46 employees on LinkedIn®

MA
Overview Provided by:

Recent ForUsAll Reviews

Verified User
A
Verified UserMid-Market (51-1000 emp.)
0.0 out of 5
"Promised everything delivered nothing"
Nothing positive to say. They sold us everything and delivered nothing.
Chad K.
CK
Chad K.Small-Business (50 or fewer emp.)
0.0 out of 5
"Absolute garbage provider"
It offers the ability to invest in crypto
Verified User
U
Verified UserMid-Market (51-1000 emp.)
0.0 out of 5
"Only because it was the only option provided by employer."
Struggling to come up with a "pro" for forusall. The screens I guess were simple.
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ForUsAll Media

ForUsAll Demo - Sponsor Dashboard - Main View
401k plan sponsors can quickly see key information, such as plan balance, employee participation rate, average employee savings rate, and plan administration issues
ForUsAll Demo - Sponsor Dashboard - Payroll X-Ray
ForUsAll performs 44 unique compliance checks per payroll. If there are any issues, we can help you fix them.
ForUsAll Demo - User Dashboard On Mobile
401(k) plan participants can easily see how their portfolio is doing on either mobile or desktop. They can use the ForUsAll dashboard to make adjustments to their savings rate, fund selection, and more.
ForUsAll Demo - User Dashboard - Desktop
401(k) plan participants can easily see how their portfolio is doing on either mobile or desktop. They can use the ForUsAll dashboard to make adjustments to their savings rate, fund selection, and more.
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20 out of 21 Total Reviews for ForUsAll

3.9 out of 5
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20 out of 21 Total Reviews for ForUsAll
3.9 out of 5
20 out of 21 Total Reviews for ForUsAll
3.9 out of 5

ForUsAll Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
This product has not yet received any positive sentiments.
Cons

Overall Review Sentiment for ForUsAllQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Verified User in Manufacturing
AM
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ForUsAll?

Nothing positive to say. They sold us everything and delivered nothing. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

There are no reporting tools available to emplpoyers or access to emplopyees contribution history. They have made numerous mistakes on payroll contributions, adding ineligible employees. Customer service is non-existant. They might answer one out of four questions in an email, if they even respond. Numerous billing discrepencies that no one can account for. Their promised "ongoinging employee education" is non-existant. The only email our employees recieve is occasionally one that says "Congratulations you got paid". Really, like we need to know that we got paid from my 401K provider? Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

The only purpose they serve is that as a mid size buisiness, we have a 401K. Review collected by and hosted on G2.com.

Chad K.
CK
CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ForUsAll?

It offers the ability to invest in crypto Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

When I was considering switching, the agent said it would be super easy. He lied, it's a two-month process with 20 steps.

I switched from human interest so I could get access to crypto, but when I finally moved over to FUA, the crypto window wasn't accessible for weeks. They likely would not have even done it if I didn't follow up.

Support is awful. They answer 1 question out of the 4 in my email.

The agent who helped me switch from human interest was awful at communicating, leaving important details out and not doing easy legwork to help me out. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

they offer access to crypto in my 401k. that is the only positive Review collected by and hosted on G2.com.

Verified User in Computer Software
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ForUsAll?

Struggling to come up with a "pro" for forusall. The screens I guess were simple. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

Limited fund options and processing times for rollover disbursements are terrible and require manual intervention. They sent me an email THREE full business days later (after Wall Street closed) to "verify" my request for me to call them - and then I got a voicemail. When they called me back after the market closed for the day, only then did they lock the disbursement value. In that time frame, the market dropped over 2%. If the market had gone up in value in that time, I wonder if my account value would've been locked when the request was made online. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

It serves the purpose of 401k service for employers... but it seems they make up revenue with slightly higher account management fees (and questionable disbursement practices). Review collected by and hosted on G2.com.

Tammi L.
TL
Enterprise Account Executive
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about ForUsAll?

Their automated emails and reminders gave me hope that it was going to be an easy to work with experience. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

It is almost impossible to reach someone there, even during business hours. Very hard to find a phone number, and when you do, you still have to leave a message.

My example is I tried to close out a 401k I had with an old employer. After reaching out multiple times and being asked to wait by them, I finally (after months) was sent a distribution form. I filled out (via DocuSign mind you) and waited. MONTHS go by and I am again asking them via their chat emails and calling to find out what is going on. Meanwhile they are literally LOSING money for me, because they haven't distributed my funds that I requested.

Finally after reaching someone (and contacting my old employer) I was told that a "new person at the company made a mistake and forgot to turn in my paperwork to their finance dept. to cut the check". Then they wanted to charge me to expedite it (I am trying to roll it over into a personal 401k).

Finally I got my check today (where they had lost over 1k in the 3 month delay from when I had asked for the distribution), and they took out Federal taxes, which they weren't supposed to do since I am doing a rollover.

As an employee - I would never recommend this company and have spent hours dealing with what I honestly started to believe was a fake company. Unreal. Review collected by and hosted on G2.com.

Recommendations to others considering ForUsAll:

Such a bad experience it actually makes me question the company that chose them. Wasn't even sure after dealing with them if the company is legit or not.

Highly recommend not to use. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

Worst 401k company I have ever dealt with. Do not recommend. Review collected by and hosted on G2.com.

JR
Executive Director
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about ForUsAll?

East to use, simple for employees to get started. Settings for auto- enrollment and the option to set up auto increases annually, simple reporting. Integration with our Payroll System Sentric Workforce/SentricHr. From an employee standpoint, the virtual assistant that helps you determine how you want your 401(k) to be set up is very helpful and easy to use. The fees are super low and almost everything is paperless! They do almost all of the record-keeping tasks. The streamlined fund choices are actually a real benefit. In the past, we had so many choices and we had staff who opted out of participating or felt anxious about making the right choices. This one offers a more limited set of options but they are good options and the virtual assistant can walk them through choosing or they can choose to manage the plan on their own. They have enough choice but not so much that they end up with analysis paralysis. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

The online employer dashboard could use some more detail. Nothing too bad but sometimes I wish we could see more employee details. The per distribution fee for staff who reach retirement age upset one of our employees. Review collected by and hosted on G2.com.

Recommendations to others considering ForUsAll:

Going digital has been the best choice for us and we won't go back to traditional! Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

Fiduciary recordkeeping and notification tasks are done by them and most are digital which saves us a ton of time, coordination, and paper. Staff are auto-enrolled at a designated percentage and can opt-out or change the percentage if they wish to. This has significantly increased our participation rates. The streamlined fund choices made it easier for our staff to understand their options and make selections that met their needs. The fees are low so both the employees and the company are happy and get to keep more of their money for investment. Our past 401(k) charged a lot more and caused complaints from our employees about the fees. Review collected by and hosted on G2.com.

Kate M.
KM
CFO and Director of Finance & Administration
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about ForUsAll?

The team is very knowledgeable and committed to customer service. Coming into my position, we had a few open items from the prior transition to Forusall. Forusall made extraordinary efforts to guarantee that the transition of our assets was conducted professionally, providing accurate data, education materials, and efforts to guarantee customer-focused reporting. Our administrator answers inquiries in record time, both thoughtfully and thoroughly. And, the team is planning on providing an educational seminar to our team to make sure that our employees understand their plan and maximize their use of it.

We could not ask for a better service provider! Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

I'd recommend only that Forusall offer a list of enrichment courses either on line or via web training to its customers. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

No business problems at the current time. ForUsAll has resolved all open items from the transition from our prior benefit provider.

Our returns are impressive, and as previously indicated, we are pleased with the engaging customer service at all levels. Review collected by and hosted on G2.com.

John C.
JC
Co-founder & CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ForUsAll?

We are a small 14 person company who wanted to offer a 401K as a benefit for our employees. Forusall worked with us early in their history to help us make that happen easily with a LOT less administrative burden than many other solutions we explored. This was early in ForUsAll's history and we've been a happy customer ever since. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

Nothing comes to mind. ForUsAll has been there for us, and in the two small missteps that have occurred over the years (small admin type things) they were there to provide a quick and helpful solution. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

ForUsAll allowed us as a small company to provide a great employee benefit without overwhelming administrative overhead. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about ForUsAll?

There is just so much to like about ForUsAll!

1. Team - is highly responsive and helpful in providing resources and answers to any questions you have

2. Platform - is so intuitive and easy to navigate both on the employer and employee side that I don't find myself having to reach out to them to ask where things live as I have with vendors of my past.

3. Innovative, being one of the first to allow crypto into their suite of options

4. Integrations, this one is HUGE for me. Knowing that information is flowing back and forth from our payroll system to ForUsAll and vice versa gives me peace of mind that employees are supported (automated welcome emails based on eligibility dates) and data (contributions, personal information, etc.) is accurate.

5. Customer support - they are an extension of our team and support our employees exceptionally well

6. Compliance and year-end testing - its a breeze and so easy with them. They take care of it all. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

Honestly, there isn't much to dislike, but if there was a thing, adding 529 plans would be nice and has been asked by our employees in the past Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

The benefit is that they've taken over 100% of the 401k administration so that I don't have to think about it.

They've also been great partners with modeling out different 401k offerings. Review collected by and hosted on G2.com.

Michael G.
MG
Controller
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about ForUsAll?

FUA is a one-stop-shop for managing all of our 401K needs. The 3 things I find most beneficial are 1) the responsiveness of our assigned client advisor, 2) their management of the annual audit, and 3) the processing of ongoing participant activity (rollovers, distributions, contribution changes, etc.) Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

There are not any significant downsides. One recommendation would be establishing a program to ensure compliance with Plan requirements to have periodic meetings of our Plan committee. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

FUA is a force multiplier. I do not need to have an additional headcount on the team to manage our 401k plan. The biggest benefit we realize is time savings. Review collected by and hosted on G2.com.

Verified User in Staffing and Recruiting
AS
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about ForUsAll?

I love that ForUsAll fully integrates with our payroll provider, making enrollment a snap for our employees. Their portal is easy to navigate and when needed, their Customer Support team is quick to respond. Review collected by and hosted on G2.com.

What do you dislike about ForUsAll?

I would like the option to resend the enrollment invitation to specific individuals if they miss it or ignore it. Review collected by and hosted on G2.com.

What problems is ForUsAll solving and how is that benefiting you?

Easy enrollment for our employees, and because everything integrates, its very "hands off" for my Team. Review collected by and hosted on G2.com.