Starting a company 401(k) Plan

A 401(k) plan is the most flexible retirement plan because it has several customizable features such as company matches, vesting schedules, and contribution limits. With so much at stake for your business and employees’ retirement security, it’s important to get your company 401(k) plan right. Already have a 401(k) plan for your company? Learn More

A well-designed 401(k) can:

start a 401k business plan

Attract & Keep Top Talent

open a 401k plan

Reduce Your Business Taxes

tax benefits starting a 401k plan

Boost employee retirement savings

how to start a 401k plan

Help you Save More for Your Own Retirement

starting a 401k plan

Easily Pass Annual Compliance Testing

50%
Of workers would switch jobs for a better retirement plan 1
59%
Of small business employees plan to work past age 65, or not retire at all 2

Why have a 401(k) plan?

401(k) plans are one of the best benefits you can offer your employees—and they’re a staple if you want to be successful in recruiting and retaining top talent.

With the decreased use of pensions and the limitations of Social Security, many working people have to partially or completely fund their own retirement savings. You can help your employees better prepare for their financial future by offering a 401(k) plan with features that meets their needs.

But, not all 401(k) plans or service are the same. Among all workers (with or without retirement benefits), half (50 percent) would switch jobs for a better retirement plan.1

1 Source: 16th Annual Transamerica Center for Retirement Studies Survey (2016)

2 Source: The Retirement Readiness Imperative: Overcoming the Challenges Faced by Small Companies, Transamerica Center for Retirement Studies, October 2013.

Want to know how to start a 401(k) plan? It starts with a 401(k) partner that cares about your business as much as you do

Specifically created to serve small to mid-sized business 401(k) plans, Fisher Investments 401(k) Solutions will customize a solution that is right for you, your business, and your employees.

Together, we will help you understand and set up appropriate plan features, pair you up with the right recordkeeping partners (or you can keep your own), and optimize your 401(k) plan. Starting a 401(k) plan doesn't have to be hard. Just look at some of the ways Fisher Investments 401(k) Solutions takes on the heavy lifting:

  • Reduce your administrative tasks
  • Reduce your legal liability
  • Better educate and prepare your employees for retirement
  • Help you be prepared for regulatory audits
  • Have transparent and simple fees
  • All of which ultimately help you stay focused on your business

You, your employees and your business get tax benefits:

401k start plan

Claim a “Retirement Plans Startup Costs” tax credit of 50% of your set up costs and up to a maximum of $500 per year for the first three years of your new 401(k) plan3.

new 401k plan

Receive business tax deductions for contributing or matching your employees’ contributions.

starting a 401k for my business

Take advantage of pre-tax contributions. If you and your employees participate in the plan, the contributions will be pre-tax. Putting away money into a 401(k) account can reduce your and your employees’ annual taxable income.

3 Certain restrictions apply. Please visit https://www.irs.gov/Retirement-Plans/Retirement-Plans-Startup-Costs-Tax-Credit for more information.

We'll help you set up your 401(k) plan to maximize employee participation and engagement

There are a lot of decisions to make when setting up your 401(k) for the first time. From deciding who you're going to work with and if they have the level of 401(k) experience you need, to whether or not you'll offer an employer match, the decisions can quickly get complicated. 

We specialize in small business 401(k) plan service, and unlike payroll providers or some financial advisors, we are focused on your 401(k) plan. From set up to enrollment day and year 1, 2 and more, we're here to make your day-to-day 401(k) tasks easier and to help you and your employees get retirement ready.

start up 401k contributions
step

401(k) Contributions: You can set up your 401(k) plan so that the employee, the employer or both can contribute to an employee’s 401(k) account on a pre-tax basis--meaning before taxes are paid out. Employers can choose to provide contributions to their employees or to match their employees’ contributions, or not contribute at all. Employee contributions into a 401(k) account are made through paycheck deductions. Generally, employees can contribute up to $18,000 per year and up to $53,000 with combined employer contributions for 2016.

what does a 401k plan cost?
step

Participation: Managers and owners as well as employees can participate in a 401(k) plan. And you can encourage participation with your 401(k) service provider through in person education, online tools and goal-setting discussions. We commonly see a 63% increase in participation rates after a plan switches to Fisher 401(k) Solutions.*

* Fisher 401(k) Solutions enrollment data as of 1/1/2017.

what funds does a 401k start up use?
step

Investments: The money contributed to a 401(k) is invested in stocks, bonds, mutual funds, money market funds, and other investment vehicles and grows tax-deferred, increasing the likelihood of beating inflation. When you set up your company’s 401(k) plan, you’ll work with your 401(k) service provider to set up the fund line-up. We help our clients with this important part of the process so that everyone has the opportunity to invest appropriately for their retirement goals.