A modern retirement plan for sole proprietors
A 401(k) is a retirement savings and investing plan that employers offer. A 401(k) plan gives employees a tax break on money they contribute. Contributions are automatically withdrawn from employee paychecks and invested in funds of the employee’s choosing – don’t worry, we can help you choose!
Contributions up to $66,000
Employees can contribute to their 401(k)s, with total contributions capped at $61,000 for 2022 and $66,000 for 2023.
Help offset your income taxes
Your contributions are tax-deductible so you can reduce your tax liability for the year you contribute.
Keep things simple
Let us handle the heavy lifting – we do the administration, compliance, and recordkeeping to make your job easy.
Plan Design Features
We’ll help you design a plan that fits your needs.
Traditional 401(k) & Roth 401(k)
Choose from both pre-tax and Roth options when setting up your plan.
Profit sharing
Set up the option to make discretionary year-end contributions to your employees’ 401(k) accounts. It’s a tax-deferred bonus.
Safe Harbor
Our Safe Harbor plans help you and your employees save more and automatically satisfy most IRS nondiscrimination tests.
Matching options
Give your employees more incentive to participate in your 401(k).
Customized Investment Options
We offer a diverse range of investment choices that keep
investment fees to an industry low.
Managed portfolios
We help employees assess their risk tolerance, then recommend a portfolio of funds that matches their goals.
Funds
Employees also have the option of choosing from over 40 index funds from Vanguard and other low-cost providers.
Why offer a retirement plan to employees?
Attract & retain quality employees
A qualified retirement plan can help your firm look more attractive to qualified employees. Finding quality employees can be a challenge today, especially when a job seeker is considering multiple job offers.
Lower income taxes
As a business owner you are able to match the contributions made by your employees. Your matching contributions (up to acceptable limits) are tax deductible. When starting a plan, you may also qualify for an additional tax credit.
Invest in your own retirement
You can invest money for your own retirement in the plan you set up for your employees. And, thanks to tax-free compounding of retirement plans, you’ll unlock financial freedom for your future.
COST FOR EMPLOYERS
Get the 401(k) pricing plan that works for you
