Why do you have to pay thousands to remove team members?
Basic account management features like adding and removing company members are often locked behind expensive enterprise tiers costing thousands of dollars a year. This forces teams to pay exorbitant subscription costs just to perform routine administrative tasks.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
Found another way around this?
Share your steps and trade-offs so fellow engineers don't have to reinvent the wheel. No account required.
- 1Open up a help ticket and work through online support to get team members removed.Did this help you?
- 2Use alternative platforms like LinkedIn and Indeed for recruitment.Did this help you?
- 3Hiring a bookkeeper to keep CPA fees lower and only have the CPA produce tax returns.Did this help you?
- 4Searching for larger banking options or online-friendly banksDid this help you?
- 5Advocating for a plan-wide fee structure change or employer-paid admin feesDid this help you?
- 6Switching to a different 401k provider with lower administrative overheadDid this help you?
- 7Prioritizing individual retirement accounts (IRAs) or alternative investment vehicles instead of the employer-sponsored planDid this help you?
- 8Opting for direct employee bonuses rather than offering an expensive retirement planDid this help you?
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“To easily remove people from our company profile you have to upgrade to a "Pro" account for which they want $4500 a year.”source ↗
“It is absolutely ridiculous to lock such a basic function, adding and removing people, behind a $4500/year subscription cost.”source ↗
“A CPA charges an extraordinarily high fee and a bookkeeper doesn't.”source ↗
“My employer's 401k charges an annual plan administrative expense fee on my total 401k balance of 0.8%. How bad is this compared to what is typical?”source ↗
“0.8% is definitely on the high side, especially when it's charged against the entire balance rather than being a flat administrative fee.”source ↗
“Unfortunately, there is not much options with small plans. If they do a flat amount per participant, it eats up so much of new participants balance that they stop contributing and your share goes up.”source ↗
“I ended up not offering a 401k the expense to do so was substantial.”source ↗
“Online usability is a must as an operate out of multiple states depending on the time of the year. Our local CU has steep fees and minimums so looking at bigger options.”source ↗
Where this came up
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