BizSugar.com › Employee Benefits › Capital One Announces Spark 401k, a Low-Cost, Digitally-Managed Option for Small Businesses

Capital One recently announced the launch of a new retirement savings product designed expressly for small business.
The product, Spark 401k, provides low-cost, digitally-managed 401(k)s targeted specifically to companies with one to 100 employees, the company says. It utilizes exchange-traded funds (ETFs), a type of index fund, as the investment instrument.
According to an official release, Spark 401k offers the same benefits available to larger companies, including the ability to build a retirement nest egg with tax-deferred dollars, reduce business taxes and recruit and incentivize employees.