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Capital One Adds to Its Small Business Product Suite


MCLEAN, VA., August 16, 2016 -- Capital One today announced the launch of Spark 401k, providing low-cost, all-ETF 401k plans designed to empower business owners and their employees to invest for the future. Spark 401k is the latest addition to Capital One's small business solutions suite, which includes Spark Business' award-winning credit cards, best-in-class banking products, and payments and e-commerce tools.

Spark 401k is designed for businesses with fewer than 100 employees to deliver a straightforward retirement planning experience that offers the benefits available to larger companies. These benefits include the ability to build a retirement nest egg with tax-deferred dollars, reduce business taxes, and recruit and incentivize employees. The new Spark 401k leverages the technology and expertise behind Capital One's ShareBuilder 401k, which pioneered the all-ETF 401k movement beginning in 2005. Spark 401k also provides access to low-cost ETFs that keep investment expenses under one percent, helping employees further grow their nest egg.

"Today, only thirteen percent of small businesses offer a retirement plan and while many say they want to provide a plan, they often put it off because they think it will be too expensive, burdensome or complicated," said Stuart Robertson, president of Capital One Advisors 401k services, which oversees ShareBuilder 401k and Spark 401k. "We designed Spark 401k to make retirement planning easier and more accessible for small businesses. With its online plan management and direct access to licensed 401k advisors and customer success managers, Spark 401k can help small business owners plan for the future -- for themselves and their employees -- while they pursue their primary passion, running their business."

With small businesses increasingly relying on mobile technology, Spark 401k provides owners a streamlined, digital experience to easily determine which plan best suits their needs. Spark 401k provides three types of 401k plans and oversees each plan's investment fiduciary responsibilities for no additional cost. By providing a 401k plan, owners can save for retirement while deferring personal taxes, lowering business taxes, and qualifying for tax credits.

About Spark 401k

Spark 401k (a marketing name for Capital One Advisors) provides streamlined, cost-efficient 401k retirement plans for tailored for small businesses. Spark 401k offers a suite of easy-to- access services that make it simple for employers and employees to open and manage their retirement plans online at www.spark401k.com. Spark 401k plans provide low-cost investments and model portfolios that simplify investment selection to help them get on track with their retirement goals. Plan sponsors can take advantage of customer success managers and customer care agents to receive assistance in choosing and managing their retirement benefits.

About Capital One Advisors

Capital One Advisors, LLC ("COA") is a Washington Limited Liability Company that is registered as an investment adviser with the SEC. We provide affordable 401k investment advisory and ERISA 3(38) services to businesses and offer investment advisory services to retail clients.


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