ShareBuilder 401k, a trusted provider of affordable, all-ETF 401(k) plans for small and mid-sized businesses, has announced a limited-time offer to help companies set up their first 401(k) plan in time for the critical Safe Harbor deadline.
From August 18 to September 2, businesses establishing a new 401(k) plan will receive $250 off their setup fee. From September 3 to September 12, a $100 discount will be applied. Companies that take advantage of these offers will still have until September 17 to secure a Safe Harbor plan and meet the October 1 government deadline.
Financial Technology Insights: KuCoin Launches AKEDO Token Sale with Exclusive Perks
Safe Harbor 401(k) plans offer big advantages: higher contribution limits for building retirement savings, strong tax benefits (including Roth 401(k) options), and the ability to attract and retain top talent. A major perk is that Safe Harbor plans automatically satisfy IRS testing requirements, meaning business owners and employees alike can maximize contributions without added restrictions.
Financial Technology Insights: Evolve Bank & Trust Names Bob Hartheimer as CEO
While some employers worry about matching contributions, the Secure 2.0 Act has eased the burden for smaller businesses by adding tax credits that offset costs. This means employer contributions are often largely covered and any remaining amount is typically tax-deductible.
“Our mission is to make retirement planning simple and accessible for businesses of all sizes,” said Stuart Robertson, CEO of ShareBuilder 401k. “Too many small businesses assume a 401(k) is out of reach. By lowering costs with these special discounts, we’re removing barriers and encouraging more employers to take this important step for themselves and their employees.”
Financial Technology Insights: Akemona Names Alex de Lorraine as New CEO for RWA Growth
A recent 2024 ShareBuilder 401k survey found that many small business owners believe they are too small to offer a plan, or worry it’s too expensive. In reality, with today’s affordable plan designs and powerful tax incentives, offering a 401(k) has never been easier or more cost-effective.
For small businesses looking to build a stronger future, this is the perfect opportunity to start.
To share your insights with the FinTech Newsroom, please write to us at sudipto@intentamplify.com