401(k) Plans
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..
Tax Savings
- Tax credit up to $5,500 each year for 3 years
- Tax credit up to $1,000 per employee for 5 years
- Tax deductible plan expenses including company contributions
Recruit & Retain Employees
- Higher contributions than IRAs
- Easy onboarding
- Employee education
- Telephone and email support
- Online resources
- Employee app and website
- Broad range of investments
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 |
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% |
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
- Customized plan design
- Government filing
- Compliance testing
- Plan administration
- Dedicated plan website
- Payroll integration
- Client service team
- Real-time reports
Experts You Can Trust
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:
- Traditional and Roth 401(k)
- Safe harbor
- Profit sharing
- Automatic enrollment
- Employer matching options
- Employee contributions
- Vesting options