For the majority of Americans, their employer’s retirement savings plan is the only long-term savings they have. Offering a 401(k) to you employees makes a statement that you care about their future and well-being beyond their employment with you. Having a retirement savings plan as part of your suite of benefits also offers financial benefits to both the employee and the employer.
The IRS highlights two main tax advantages of offering a 401(k) plan:
| Benefit | Cost |
|---|---|
|
Net cost to establish a 401(k) plan with your PEO |
$0 |
|
Auto enrollment tax benefit |
$500 |
|
Net cost to make matching contributions for the first three years of the plan |
$0 |
Under the new provisions of the SECURE Act 2.0, many businesses are eligible for tax incentives that can cover the full costs of offering a 401(k) plan for up to three years.
“80% of employees consider retirement benefits a key factor in their decision to accept or stay with a job.” – Transamerica Center for Retirement Studies
Attract and Retain Talent
Employees have access to a robust 401(k) that rivals anything a competing employer could offer.
Cost Savings
Pooled retirement savings plans can be a fraction of the cost of a standalone, single employer 401(k) plan.
Less Administration
Most of the plan administration, compliance and testing responsibility lies with Slavic401k.
Reduced Stress
Spend less time worrying about your 401(k) plan and focus on what matters most – your business.
Everything you need to manage your individual account or an entire plan online.
Create a clear path to your retirement goals with a customized savings plan built entirely online.
Manage your account and investments from wherever life takes you.
COMPLIANCE NOTIFICATIONS
All eligibility notices, detailed disclosures and DOL regulations.
AUTOMATED CONTRIBUTION PROCESSING
Contribution data is automatically transferred to Slavic401k as a part of payroll processing.
Setting up and administering a 401(k) plan can be daunting. We have over 35 years of experience as a third-party administrator, recordkeeper and when needed, investment advisor. Our turn-key solutions take away many of the responsibilities that come with 401(k) plan administration for your business.
Advisory services provided by Slavic Mutual Funds Management Corporation, an SEC-registered investment adviser. Registration does not imply a certain level of skill or training on the part of SMF or its representatives. Administration and record-keeping services are offered through Slavic Integrated Administration. Both entities are collectively referred to as “Slavic401k.”
No content published throughout this site should be considered by the reader to constitute any type of investment advice. It is not the intention of Slavic401k nor should the reader assume that any reference herein to any particular investment, asset mix, security, portfolio of securities, transaction or investment strategy should be construed as investment advice. To the extent any of the content published as part of the Services may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. No chart, graph, or other figure provided should be used to determine which securities to buy or sell. Any specific questions that you might have concerning your individual investment decisions should be addressed to your personal investment advisor. Moreover, nothing herein should be considered as legal or tax advice. If you have any questions or concerns relative thereto, you should consult a qualified professional.
For more details on Slavic Mutual Funds Management Corporation, see our About Us page. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Neither diversification nor asset allocation ensure a profit or guarantee against a loss.
