401(k) Plans

As the most common IRS-qualified retirement plan, the 401(k) enables both owners and employees to save for retirement while reducing taxes. This plan works well for most businesses.

Build Wealth for Owners

Large annual contributions

You can contribute up to $30,000 (in 2023) to your 401(k) account.

Save more using Profit Sharing

By using profit sharing, you can contribute up to $73,500 (in 2023).

Flexible matching

You have flexibility in how much you contribute to your employees.

Reduced taxes

You can spend the money from your increased tax savings any way you want..

Upgrade Your 401(k) – A Cash Balance plan lets you save over $300,000 to your personal retirement account each year.

Tax Savings

Small businesses can use a retirement plan to reduce taxes.

Upgrade Your 401(k) – A Cash Balance plan allows larger contributions so each owner can save over $135,000 in taxes each year.

Recruit & Retain Employees

Numerous studies have shown that 401(k) plans have a positive impact on employee productivity and attitude. Enhancing your benefits package keeps your staff happy and makes you more competitive when hiring new employees.

Pricing

Our 401(k) plans have a one-time setup fee and a monthly or quarterly management fee that varies based on the number of plan participants and plan assets. We offer plans through multiple providers so you can choose the plan that best meets your needs. Contact us for a no-cost proposal including pricing.

Employer price

Start-up fee: $500 for new plans; $1,000 for existing plans (one-time)

Administration fee: $375 + $7.50 per participant over 30 participants (per quarter)

Asset price

Plan Assets	Quarterly rate
Up to $1.5 million	0.1450%
$1.5 – 3 million	0.1325%
$3 – 5 million	0.1200%
$5 – 10 million	0.1075%
$10 – 25 million	0.0950%
$25 – 50 million	0.0825%
Over $50 million	0.0700%

*Minimum quarterly fee is $580

40 participants with $1.8 million in plan assets

Employer price = $375 + $7.50 x 10 = $450

Asset price = $1,800,000 x 0.001325 = $2,385

Total price = $450 + $2,385 = $2,835 (per quarter)

Employer price

Participants	Quarterly price
1 – 15	$994
16 – 50	$994 + $18.75/participant over 15
51 – 100	$1,665 + $17.50/participant over 50
101 – 500	$2,525 + $16.25/participant over 100
501 – 1,000	$9,025 + $15.00/participant over 500
Over 1,000	$16,525 + $13.75/participant over 1,000

Start-up fee: $1,000 for new plans; $1,500 for existing plans

Asset price

Plan Assets	Quarterly rate
Up to $1.5 million	0.1250%
$1.5 – 3 million	0.1125%
$3 – 5 million	0.1000%
$5 – 10 million	0.0875%
$10 – 25 million	0.0750%
$25 – 50 million	0.0625%
Over $50 million	0.0500%

*Minimum quarterly fee is $500

20 participants with $2 million in plan assets

Employer price = $994 + $18.75 x 5 = $1,088

Asset price = .001125 x $2,000,000 = $2,250

Total price = $1,088 + $2,250 = $3,338 (per quarter)

Simple Plan Management

Business owners receive ongoing support from a dedicated retirement plan specialist whose focus is making management of your 401(k) easier. We provide:

Experts You Can Trust

We partnered with the best in the industry so you work with world-class professionals to design and administer your 401(k) plan.

This recognized industry leader provides full-featured retirement plans for small businesses that are typically exclusive to large companies. Their investment platform provides low-cost, high-quality investments at one of the most trusted investment companies. They were recognized by Forbes as one of the 7 Best 401(k) Plans Of 2023.

The nation’s largest independent record-keeping services provider* and an award-winning record-keeping firm specializing in small business. They have one of the largest ERISA consulting practices in the U.S. and administer over 113,800 plans.

*Cerulli Associates. The Cerulli Report: U.S. Retirement Markets 2020. March 2021.

They provide all administrative services including asset custody, recordkeeping, and third-party administration (TPA) for your low-cost plan. They manage over 4,500 small business retirement plans and were recognized by Forbes as one of the 7 Best 401(k) Plans Of 2023.

We work with small businesses to design IRS-qualified retirement plans that meet the needs of owners and employees. We support plan sponsors and participants to ensure long-term satisfaction for both owners and employees. We are experts in 401(k) and Cash Balance plans.

Popular Plan Features

After learning about your small business and its owners and employees, we determine the optimal contribution and profit-sharing strategy to help you pass compliance testing and meet your financial goals. We offer the most popular plan features including:

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