Small Business 401k Plan
Option 2
$80 / month*
$9 / month per participating employee*
Built for business owners who want the flexibility to customize the plan options that meet their goals. The employer is not required to make contributions toward the plan. No transaction fees for rollovers, employee loans and distributions, 5500 prep fees and plan termination.
Design Your Retirement Plan
Implementing a 401(k) plan offers your business a huge competitive advantage by hiring and retaining quality employees. Show your employees you are invested in their future.
Plan Services
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EMPLOYER NEW PLAN FEDERAL TAX CREDITS UP TO $16,500 OVER 3 YEARS
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RECORDKEEPING SERVICES
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PREPARE PLAN DOCUMENT, ANNUAL REPORTS, FORM 1099-R AND SIGN FORM 5500
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ANNUAL PLAN COMPLIANCE TESTING
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EMPLOYER & EMPLOYEE ONBOARDING
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EMPLOYEE AUTO ENROLLMENT
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EMPLOYEE & EMPLOYER WEBSITE ACCESS
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EMPLOYEE INVESTMENT MANAGEMENT SERVICES
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3(16) PLAN ADMINISTRATIVE FIDUCIARY
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3(38) FIDUCIARY - INVESTMENT MANAGER
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VESTING SCHEDULE OPTIONS
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ASSIGNED ONBOARDING SPECIALISTS AND CLIENT MANAGERS
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TRADITIONAL PLAN DESIGN
Convenience
All employer fees are payable monthly and can be setup by ACH or Credit Card.
No transaction fees for rollovers, employee loans and distributions, 5500 prep fees and plan terminations on all plan options.
Secure Act 2.0:
Beginning in 2023, employers implementing a 401(k) plan, with 2–50 eligible employees will receive a federal tax credit up to $5,000 per year for three years on 100% of plan costs.
Note:
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Employers with 51 or more participating employees are eligible for custom pricing, products and services.
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Options 401k’s 3(16) administrative & 3(38) fund manager and fiduciary services are included on all plans.
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* The fee details listed for each option do not include record keeping fees. These fees are detailed in the Adoption Agreement.