ShareBuilder 401k Offers Free Set-Up On New Solo-K And Employee-Based 401(k) Plans For Small Businesses
SEATTLE, Dec. 2, 2019 /PRNewswire/ — ShareBuilder 401k, a leading provider of low-cost digital retirement plans, is helping small businesses jump-start their New Year’s resolutions with free set-up on new 401(k) plans purchased by December 20.
From Dec. 2 – 20, 2019, companies with more than one employee can save up to $995 in set-up costs by starting an employee-based 401(k) plan. Self-employed business owners can also start a new solo 401(k) plan without paying the standard set-up of $150 during the same period.
«As business owners close their 2019 books and seek new ways to boost business in 2020, starting a 401(k) can be a great way to fuel success both professionally and personally,» said Stuart Robertson, head of ShareBuilder 401k. «Offering a 401(k) can help mitigate your personal and business tax burden each year, build future savings for you and your employees, and attract and retain top talent.»
To help business owners better understand the tax benefits of starting a 401(k) plan, ShareBuilder 401k has issued «Top Tax Reasons to Start a 401(k)» to help reveal, for example, how solo 401(k)s offer the self-employed the ability to contribute up to $56,000 pre-tax in 2019. As both the employer and employee, the owner can make up to $19,000 in contributions as employee, and another 20 to 25 percent of earnings based on their business type (up to the 2019 limit). As long as the plan is installed by the IRS’ December 31st deadline, the owner has until their tax deadline (April 15, 2020 for most) to make employer contributions.
For more information on ShareBuilder 401k’s year-end promotion, visit www.sharebuilder401k.com.
About ShareBuilder 401k
ShareBuilder 401k is a leading digital 401(k) provider specializing in low-cost, all-ETF retirement products and resources for small- to mid-sized companies, including owner-only businesses. Founded in 2005 and now serving more than 6,500 businesses nationally, ShareBuilder 401k is a pioneer of the index-based 401(k), digital quoting and purchasing of retirement plans, and providing investment management (ERISA 3(38)) services for every client’s fund roster. ShareBuilder 401k is committed to further expanding access to retirement plans and leading more Americans to save through cutting-edge technology, low costs, and high service including investment oversight and plan design support for sponsors, and quality education and training for employees.
Contact: Dan Branley, [email protected], 206.914.1231
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SOURCE ShareBuilder 401k