Whether you’re a start-up, self-employed, or a business with many employees, today is the right day to start saving for retirement.

Setting up a 401k allows your retirement income to grow tax-free. With each contribution, you can lower your tax burden up front, and you won’t have to pay taxes on your plan until you withdraw funds in retirement.

Payroll integration is a breeze. If you’re an entrepreneur, you’ll be investing in, and protecting, your future.

Everything is automated so you’ll effortlessly maintain your budget.

Enjoy the financial and tax benefits of retirement planning while also improving employee satisfaction and loyalty. Clients who start a new 401(k) plan may be eligible for up to $15,000 in SECURE Act tax credits, among others.

Whatever your needs, we’ll help you find the right fit. Employers can choose their contribution amounts and vesting preferences. Retirement options include 401(k)s, safe harbor plans, and profit-sharing plans.

If an employee doesn’t have a plan via their employer, the state will set up and manage a plan for the person under this retirement mandate called SB1234 (CalSavers Retirement Savings Program).

Employers with five or more eligible employees must participate if they don’t already offer an employer-sponsored retirement plan.

If you don’t want the state to administer your program, we have you covered. If you’re outside of California, we have you covered, too.

Benefits of Setting Up a Retirement Program

You’ll be providing incentives to attract and retain the highest quality employees for the long term – allowing your business to stay competitive.

From the Internal Revenue Service:

401(k) plan contributions limits increase for 2023 to $22,500, up from $20,500 for 2022.

The limit on annual contributions to an IRA increased to $6,500, up from $6,000.

The catch-up contribution limit for employees aged 50 and over who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased to $7,500, up from $6,500. Therefore, participants in 401(k) who are 50 and older can contribute up to $30,000, starting in 2023.

The catch-up contribution limit for employees aged 50 and over who participate in a SIMPLE IRA plan has increased to $3,500, up from $3,000. So their limit will be $10,000.00 for 2023.

We’re committed to your success – that’s why we’re excited to partner with retirement experts that care about making affordable retirement plans accessible to you and your teams.

We have exceptional relationships with several trusted retirement partners. They automatically sync 401k plans directly with our payroll software, process contributions, and handle compliance testing and all IRS paperwork.

It is small business-friendly in terms of pricing and flexible investment options.

Our partner programs are designed exclusively for solopreneurs, small businesses (up to 100 employees), and start-ups.

As with all our partners, you can expect world-class customer support including a free consultation when you sign up. Clients with an existing 401(k) plan can benefit from a complimentary report to help you consider if your plan is still competitive.

Invest in your future on autopilot through payroll deductions.
Receive tax deductions on your contributions.
Employer-match contributions are also an option through 401ks.
You can build wealth without an annual tax bill on your earnings.

Flat-fee plans start as low as $18/month for the self-employed, family businesses, freelancers, independent contractors, and any 1099 business. This works best for those who own their business and have no employees or only part-time employees.

For the self-employed investor, you can contribute in one of three ways:

Traditional solo 401k contributions using “pre-tax” dollars.
Roth 401k contributions using “after-tax” dollars.
Or combine both and make contributions using pre-tax income and after-tax income.
For start-ups and small businesses, plans start as low as $75/month. Our partners will never charge for Assets Under Management (AUM) fees like many of their competitors.

Quick online setup and management. Tailored to you – making it a breeze to meet your goals and put aside thousands of dollars each year in tax-deductible retirement savings.

Our partners all offer direct, affordable pricing with no transaction fees.

When you sign up with one of our retirement partners, they provide electronic participant statements; tax filing and plan document preparation; participant disclosures; annual plan notifications; IRS testing and monitoring; and eligibility notices.

Enjoy a transparent, competitive pricing structure with zero transaction fees.

Wealth management advisors are available upon request.

Secure your financial future.
Protect your money.
Take care of your employees.
Have peace of mind.

If you have any questions, please call us at (949) 215-3769.
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As a small business owner in California, planning for retirement may not be at the top of your priority list. However, it’s important to start thinking about retirement options as soon as possible.

One popular retirement option for small business owners is a 401k plan. A 401k is a retirement savings plan sponsored by an employer that allows employees to contribute a portion of their paycheck before taxes are taken out. The employer may also offer a matching contribution, up to a certain percentage, which can help grow the retirement savings faster.

There are different types of 401k plans, including traditional and Roth. A traditional 401k allows contributions to be made on a pre-tax basis, which means that the contributions are deducted from the employee’s paycheck before taxes are taken out. This reduces the employee’s taxable income for the year. In contrast, a Roth 401k allows contributions to be made on an after-tax basis. This means that the contributions are not tax-deductible, but the withdrawals in retirement are tax-free.

As a California small business owner, setting up a 401k plan for your employees can show that you value their financial security and can be a useful tool for attracting and retaining talent. Additionally, contributing to a 401k plan can offer tax benefits for the business owner, as the contributions are tax-deductible for the business.

There are also other retirement options for small business owners, such as a Simplified Employee Pension (SEP) plan or a Savings Incentive Match Plan for Employees (SIMPLE) plan. These plans have similar benefits to a 401k plan but may be better suited for businesses with fewer employees or lower revenue.

It’s important to work with a financial advisor or accountant to determine the best retirement option for your small business. They can provide guidance on the different plans and help you calculate the costs and benefits.

In conclusion, as a small business owner in California, planning for retirement is crucial for both yourself and your employees. A 401k plan is a popular retirement option that offers tax benefits for both the business owner and employees. Consider working with a financial advisor to determine the best retirement plan for your specific business needs.