Summary
Starting a 401(k) for a small business is more accessible than ever, thanks to modern solutions like Multiple Employer Plans (MEPs). These plans simplify setup, reduce administrative burden, and lower costs while still offering competitive retirement benefits. By offering a 401(k), small businesses can attract and retain talent, take advantage of tax credits, and provide employees with a valuable tool for long-term financial security—all without the complexity traditionally associated with retirement plans.
What You’ll Learn
- How to start a 401(k) for a small business step by step
- Why offering a 401(k) helps attract and retain employees
- What tax credits are available to offset startup and administrative costs
- How Multiple Employer Plans (MEPs) make 401(k)s more affordable and easier to manage
- What makes HRDelivered’s 401(k) solution different from traditional plans
- How outsourcing administration reduces legal risk and compliance burden
- What responsibilities are handled by a 3(16) Administrative Fiduciary
- How a 401(k) plan works for both employers and employees
- What features employees can access through a modern retirement platform
- Why offering retirement benefits is a smart long-term investment for growing businesses