For many small businesses, offering a 401(k) can feel out of reach — too complicated, too expensive, or too time-consuming. But here’s the good news: small businesses can have a 401(k) — and with modern options like Multiple Employer Plans (MEPs), it’s simpler and more affordable than ever.
Why Offer a 401(k) as a Small Business?
A 401(k) isn’t just a retirement plan — it’s a powerful tool for attracting and retaining employees. In today’s job market, competitive benefits matter just as much as salary. Employees want to work for companies that invest in their long-term future.
Plus, small businesses that offer retirement plans often qualify for valuable tax credits, helping offset startup and administration costs.
Depending on company size, employers can receive up to:
- 100% of plan startup costs (up to $5,000 per year for the first three years)
- $1,000 per employee with wages under $100K (for the first 5 years)
- $500 per year for automatic enrollment features
What Makes the HRDelivered 401(k) Different
At HRDelivered, we’ve made retirement plans accessible for small businesses by simplifying setup, administration, and compliance.
Our HRDelivered 401(k) MEP (Multiple Employer Plan) gives small businesses the benefits of a large-scale retirement plan — without the hassle.
Here’s what you get:
- Less legal liability
- Less administrative work
- Lower fees
- Fewer employee headaches
- More flexibility & investment customization
- More peace of mind
In short: less risky, less cumbersome, lower cost.
How It Works
The SECURE Act of 2019 made it easier for small businesses to join a Multiple Employer Plan — meaning several employers share one retirement plan, reducing regulatory burdens and costs.
When you join the HRDelivered 401(k) MEP, we handle:
- Eligibility notifications
- Compliance reporting & filings
- Plan audits and coordination
- Distribution processing
- Ongoing monitoring & fiduciary oversight
As your 3(16) Administrative Fiduciary, we take care of the details — your 401(k) becomes our job, not yours.
Simple for Employers. Easy for Employees.
Your team can access their account anytime, anywhere — from any device.
With our bilingual, interactive portal, employees can:
- Review balances and update elections
- Track deferrals and investment performance
- Access educational resources
- Get secure 2-step authentication
This ensures your employees have full visibility and control — without requiring your constant management.
A Smarter Way to Offer Retirement Benefits
Whether you’re setting up your first 401(k) or looking for a more cost-effective, low-maintenance option, HRDelivered makes it simple.
We handle the complexity so you can focus on your business — and your employees can focus on their future.
📩 Contact HRDelivered today to learn how our 401(k) can make retirement benefits effortless for your small business.
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