Ubiquity

About Ubiquity

Ubiquity Retirement + Savings operates as a financial technology company specializing in providing retirement savings plans for small businesses, startups, and self-employed individuals. Founded in 1999 by Chad Parks, the firm was established to address the gap in retirement plan offerings available to small business owners compared to larger corporations. Parks, a former Certified Financial Planner, identified this market need during the dot-com boom and created what was originally known as The Online 401(k), one of the first web-based, flat-fee retirement plan providers in the United States.

The company's business model is centered on a transparent, flat-fee structure, as opposed to an asset-based percentage fee common in the industry. This approach is designed to be cost-effective for small businesses, ensuring costs remain predictable as plan assets grow. Revenue is generated from monthly administration fees and one-time setup fees, which vary depending on the plan chosen. Ubiquity's clientele consists of over 16,000 small businesses across all 50 states, with the firm managing over $3 billion in retirement assets for hundreds of thousands of savers.

Ubiquity offers a range of customizable retirement solutions, including 401(k), Safe Harbor 401(k), and Solo 401(k) plans. Its services are delivered through a proprietary cloud-based platform, Paradigm RKS™, which automates recordkeeping and plan management functions. Key features include integration with major payroll providers, management of IRS and Department of Labor compliance, and access to a wide array of investment options, including over 30,000 mutual funds and ETFs. The firm provides different plan tiers such as Saver(k)®, Custom(k)®, and Reserve(k)®, which offer varying levels of features and customization to fit different business needs, from expert-selected designs to plans with full fiduciary support.