Simpler for Employers:
Instant Merger for Existing Plans Ready to be Forever Done with Audits and 5500s
Free first month for new plans requesting consultative comparisons
Employers who prefer to band together to achieve economies of scale envisioned by the SECURE ACT, and better investments now get to skip past CalSavers and the EDD, the Franchise Tax Board for a retirement and now instead have A Better 401(k) Plan™
- Allows Higher Contributions
- Grants Control of Plan Design to Employer
- Includes Larger Federal Incentives for Employers
- Delivers CFP-level Advisor Referral for
“It’s a complete solution, instead of the expensive half measure of a state plan so that employers can opt out of CalSavers like many of their employees do,” said a spokesperson for The 401(k)
Why can’t highly compensated employees participate in CalSavers? CPAs should expect headaches with the state plan auto enrolling highly comp’d employees and owners.
This is the first ever 401(k) PEP under the SECURE ACT, it is different from a state sponsored plan because it offers the best interest standard of care as a baseline. The
By comparison, the state plan inexplicably actively spends money fighting to exempt itself from serving the best interest of either the employer or employee.
“Participants have chosen,” a spokesperson continued, “The opt out rate by employees from CalSavers is about three times what it is for a 401(k).” People are actively declining the state alternative which disallows employers to contribute, uses a short-term instrument for a long term objective, and shortchanges investors on contribution limits.
Looking for a fresh start?
You aren’t alone, and we have helped many employers like you. A federal tax credit is now available as well to help you improve on the state plan.
A solution for employers with 5-100 employees who wish to gain critical size and scale.
Enterprise for 100+ employers who no longer want to deal with employer admin requirements and get welcome relief on audit, 5500, notice filings, through A Better 401(k) Plan™.
About The 401(k)
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SOURCE The 401(k)