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Start saving right away — enjoy $0 base fee for 12 months

Meet Maryland’s retirement mandate with a simple, powerful Guideline 401(k), and get 12 months with a $0 base fee.1

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Gusto customers rely on us
93%
customer satisfaction score2
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The mandate in a nutshell

MarylandSaves was established in 2016. It requires Maryland employers with 1+ employees that have been in business for 2+ years to offer the state-sponsored plan or a qualified alternative like a Guideline 401(k) by December 31st of the year in which you become eligible.4 Compare your options
  • 1+ employees

    December 31st

Meet the mandate and more with a Guideline 401(k)
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    Simple setup

    Get started in 20 minutes. We’ll help you choose a plan that meets the mandate and your business’s goals.
  • Lightening bolt simple icon.

    Automated busywork

    Our custom integration built with Gusto means no need to maintain deductions or manually re-enter payroll data.
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    Live support

    You and your team get access to live support, guided employee onboarding, a mobile app, and more.

Compare MarylandSaves with Guideline Starter

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MarylandSaves
  • Retirement plan type
    Starter 401(k)
    Roth IRA
  • Maximum employee contributions for 20255
    $6,000
    $7,000
  • Employee asset-based fee
    0.15%6
    0.18%7
  • Additional active employee fees
    None8
    $22.50 account fee in the first year, $30/year after.7
  • Monthly employer fee

    $39 / month + $4 per participant

    (get $0 base fee for 12 months)
    None
  • Investment options9
    40
    15
    (Including Target Date Funds)
  • Professionally managed portfolios9
    6
    0
  • Employer match
    No
    No
  • Profit Sharing
    No
    No
Stay compliant. Set up a Guideline 401(k) in just 20 minutes.
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Looking for a more robust plan? Look no further.

Starter 401(k) plans do have limitations like lower contribution limits and no employer contributions. If you’d like to set up a plan with more options and flexibility, you may want to consider Core or Enterprise.10
Carol P.RedKnot Resource Group
With Guideline, it feels like we've put 401(k) administration on auto-pilot. Guideline 401(k) enables us to give our employees a big benefit without our small business hiring in-house expertise.Client of Guideline. Views may not be representative of other clients.
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Maryland retirement mandate FAQs

  • 1
    Employer fees include the monthly base fee charged to the 401(k) plan sponsor after the plan begins. Monthly participant fees and participant-paid fees are not included in this promotion and will still apply. See here for more information regarding Guideline's fees. This offer ends June 30, 2024 and can’t be combined with other offers. We reserve the right to modify or discontinue this promotion at any time without prior notice.
  • 2
    Guideline’s average plan sponsor satisfaction score (CSAT) based on feedback received from 1/1/2024 to 12/31/2024.
  • 3
    Forbes Fintech 50, 2022
  • 4
    Guideline has prepared this summary from third-party sources as of April 29, 2024. The information herein is considered to be reliable at the time of writing, may not necessarily be all-inclusive, is not guaranteed as to accuracy and is subject to change at any time without notice. The information provided herein is general in nature and is for informational purposes only. It should not be used as a substitute for specific tax, legal and/or financial advice that considers all relevant facts and circumstances. Investing involves risk and investments may lose value. You are advised to consult a qualified financial adviser or tax professional before relying on the information provided herein. Deadlines, fees, and other program details are subject to change by the state without notice and should be checked prior to making any decisions. If you already offer a qualified employer-sponsored plan, exemptions may be required. Please consult with your states specific exemption information: https://marylandsaves.com/employers for more details.
  • 5

    Subject to IRS cost-of-living adjustments. In 2025, individuals can contribute up to $7,000 between their traditional and Roth accounts. If you’re 50 or older, you can contribute an additional $1,000 ($8,000 in total). Starter 401(k) employee can contribute up to $6,000. If you’re 50 or older, you can contribute an additional $1,000.

  • 6

    Investment advisory services for Guideline’s 401(k) product (when 3(38) fiduciary services are appointed) and SEP IRA/IRA products are offered by Guideline Investments, LLC, an SEC-registered investment adviser. An assumed annual account fee of 0.15% is applied to assets under management and is deducted on a monthly basis. It’s calculated at 1/12 of the annual stated rate (0.15%) based on the account balance on the last day of each month. Alternative account fee pricing is available, ranging from 0.15% to 0.35%. Contact Sales at hello@guideline.com to learn more about exclusive pricing options available in Enterprise tier. See the Form ADV 2A Brochure for more information regarding this fee.

  • 7
    Information shown here assumes a static balance of $10,000 per month, and the Program Administrative Fee of 0.18% on assets under management. Per the MarylandSaves Program, the Annualized Asset-Based Fees reduce the return of your Investment Options. As an Account Holder, you indirectly bear a pro-rata share of the annual costs and expenses associated with each Investment Option in which you are invested. The Annualized Asset-Based Fees consist of the Underlying Investment Fees and the Program Administration Fee. The Program Administration Fee, which is in the amount of 0.15% to be paid to the Program Administrator plus 0.05% to be paid to the state of the Investment Options daily net assets. The Program Administration Fee covers a portion of the costs of administering the Program. This fee accrues daily, is paid monthly, and is factored into the applicable Unit Value Underlying Investment Fees. The Underlying Investment Fees include investment advisory fees, administrative fees, and other expenses of each applicable Underlying Investment, which are paid out of the assets of the Underlying Investment and reduce the investment return on such Underlying Investment. An Underlying Investment’s expense ratio measures the total annual operating expenses of the Underlying Investment as a percentage of its average daily net assets.
  • 8
    The fee presented does not include other fees that a 401(k) participant may incur, including, but not limited to, from mutual fund expense ratios and a monthly maintenance fee to participants who end employment.
  • 9

    Investment advisory services for Guideline’s 401(k) product (when 3(38) fiduciary services are appointed) and SEP IRA/IRA products are offered by Guideline Investments, LLC, an SEC-registered investment adviser, the “Affiliated RIA”). Specific references herein to “asset-based fees” or “investment options” or “we” or “our” in this specific context is referring solely services provided- or fees charged- by the Affiliated RIA. See the Affiliated RIA’s Form ADV 2A Brochure for more information regarding its services and fees. Recordkeeping services are offered by Guideline RK, LLC. 3(16) plan administration services are also offered by Guideline RK, LLC and only made available to clients who utilize an eligible payroll provider. Guideline uses a third-party to provide custodial services. Custodial fees are paid by Guideline.

  • 10
    Alternatively priced plan tiers are also available. Go to https://www.guideline.com/pricing for further information. You should consult a tax professional and/or Financial Advisor to determine the best tax advantaged retirement plan for your situation.

Guideline.com is owned and operated by Guideline, Inc. This website contains content from Guideline, Inc. and its affiliates, each a separate entity with different regulatory marketing requirements and standards. References to "our" or "we" on this website refer solely to Guideline RK, LLC unless otherwise specifically stated.

The information in this website is for informational purposes only and is not intended to be an offer, recommendation, investment advice, legal or tax advice, or a solicitation to buy or sell any security. By using this website, you agree to Guideline, Inc.’s Privacy Policy and Terms and Conditions of Use. Neither Guideline, Inc. nor its subsidiaries, are responsible for information provided by third parties. Information included herein from third parties is believed to be reliable however Guideline, Inc. does not guarantee the accuracy and completeness of that information.

Guideline, Inc. is a technology company that provides an integrated platform to companies who seek to work with 1) Guideline RK, LLC ("Guideline") and/or 2) Guideline Investments, LLC, an SEC Registered Investment Adviser ("RIA"), both of which are wholly owned by Guideline Holdings, LLC. Guideline Holdings, LLC is wholly owned by Guideline, Inc. Neither Guideline, Inc. nor Guideline Holdings, LLC or Guideline RK, LLC is involved in securities activities and is not registered with the SEC or FINRA. Neither Guideline, Inc., nor any of its affiliates, is a bank.

Investment advisory services for Guideline’s 401(k) (when 3(38) fiduciary services are selected) and SEP IRA/IRA products are offered by Guideline Investments, LLC, an SEC-registered investment adviser. For more information regarding fees and services, see Guideline Investments, LLC’s ADV 2A Brochure and Form CRS. References throughout this website to investment advisory services including but not limited to: investments offered, portfolios, managed portfolios, investment philosophy, assets under management (AUM), annual account fees expressed as a percentage of AUM, suitability questionnaire, 3(38) investment advisory management fiduciary services, robo-advisory services, and investment advice, unless otherwise specifically stated, are services provided by Guideline Investments, LLC. Investing involves risk and may lose money, including loss of principal. Investing is not guaranteed and past performance is not a guarantee of future performance. The investment options offered by Guideline Investments, LLC are not FDIC insured.

Recordkeeping services for Guideline’s 401(k) and SEP IRA/IRA products are offered by Guideline RK, LLC. 3(16) plan administration services are also offered by Guideline RK, LLC and only made available to clients who utilize an eligible payroll provider. For more information on Guideline’s pricing, see here. Guideline uses a third-party to provide custodial services. Custodial fees are paid by Guideline.

Any graphs, charts, and other visual aids (collectively referred to as "image(s)") are provided for information purposes only. None of these images can of themselves be used to make investment decisions. No representation is made that these will assist any person in making investment decisions and no image can capture all factors and variables required in making such decisions.

© 2025 Guideline, Inc. All rights reserved

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