401(k) Plans Made Simple for Your Business

Here’s a few key benefits:

• Recruitment and retention: Retirement benefits help attract and retain top talent - especially in 2022’s tight labor market. More than 3 in 4 (77 percent) working Americans rank retirement savings—such as 401(k) and pension plans—as one of the most important employer-sponsored financial wellness benefits.
• Tax advantages: Employer contributions are deductible on the employer’s federal income tax return, up to a certain amount. And if you’re starting a new 401(k) plan, you may be eligible to receive up to $16,500 in tax credits over the first three years to offset the business expense of setting up your 401(k).
  
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Vestwell is designed to support small businesses and trusted by financial professionals. We partner with financial advisors all over the country, power state government retirement programs, and partner with leading financial institutions that trust us with their retirement offering.

The same 401(k) provider that powers major establishments is available to you as a small business. With Vestwell, you get the best of both worlds: affordable price and top-tier quality.

You don’t need to. However, a trusted advisor can help you find the savings program that’s best for your employees. The role of the advisor is becoming increasingly important - especially for small businesses. In fact, the number of savings plans associated with a financial advisor jumped from 68% of all plans in 2008 to 93% today. You can connect with one of our plan experts to discuss your business needs. If you’d like to find an advisor, we can help with that, too.

Your small business may be eligible to receive up to $16,500 in tax credits over the first three years to offset the expenses needed to set up, administer, and educate employees about the plan. E-mail sales@vestwell.com or book a meeting with one of our plan experts to find out how much you could save.

Safe Harbor 401(k) plans can be a win-win for employers that want to maximize tax savings, bypass certain annual testing requirements, and retain employees through a required employer match. Learn more.

There are several factors to consider when deciding between a SIMPLE IRA vs. 401(k). Key differences to consider include contribution limits and flexibility in plan design. Learn which plan type may be best for your business in our blog "SIMPLE IRA vs 401(k) Plan: 5 Differences to Consider When Switching Plan Types."