How to start a 401(k) for your business
1
Schedule a free Consultation
2
Review customized plan proposal
3
Set up online account in 10 minutes
Tax Credit
Learn how to get a tax credit to offset up to 100% of plan costs for the first 3 years of your plan.
Compare Plan Types
This chart helps business owners compare the different retirement plan options, and determine which one is best suited for their unique business.
Retirement Plan Selector Tool
Company Size
Contribution
Contributors
401(k) Plan
The most versatile type of retirement plan. A 401(k) allows both employers and employees to save the maximum amount for retirement, while offering the most flexible options.
Best for:
- All entity types and sizes
- Business owners interested in tax strategies, or maximum savings options
- Employees who want to save toward retirement
- Flexible plan design
- Highest maximum contribution limits
- No required contributions
- Eligibility & vesting options
- Roth & after-tax options
- Plan loan options
- Flexibility can make a 401(k) seem more complex than other plan types
Solo 401(k) Plan
The most versatile plan for owner-only businesses. A solo(k) allows for maximum tax-deductible personal & company contributions, and the flexibility to take loans & make Roth contributions, with no annual contribution requirements.
Best for:
- Businesses with no employees
- Business owners interested in tax strategies, or maximum savings options
- Highest maximum contribution limits
- Best plan type for owner-only tax mitigation strategy
- No required contributions
- Roth & after-tax options
- Plan loan options
- Flexibility can make a Solo(k) seem more complex than other plan types
SEP IRA Plan
An IRA-based plan that allows employer contributions that must be proportional to the owner & employees (ie the same percentage of pay)
Best for:
- Businesses with very few employees
- Businesses prepared to give a proportional employer contribution to the owner and employees (ie the same percentage of pay)
- No annual IRS filing
- No employee contributions allowed
- Annual employer contribution requirement
- No loans
- No Roth option
- Must include all employees, including part-time & seasonal
- Immediate vesting
SIMPLE IRA Plan
An IRA-based plan that allows employees to make a limited, pre-tax contribution, and requires an annual employer contribution.
Best for:
- Very small businesses
- Businesses prepared to give an annual employer contribution
- Business owner(s) not interested in tax strategy
- No annual IRS filing
- Low contribution limit
- Annual employer contribution requirement
- No loans
- No Roth option
- Must include all employees, including part-time & seasonal
- Immediate vesting
Talk With Us
Must-See 2-Minute Video
Answers to Common Questions
Watch this short video from a Fisher small business specialist to learn the answers to the three most common questions business owners have when starting a retirement plan.
DIFY (Do It For You) Approach
We know you have a business to run. That’s why our solutions focus on doing everything we can for you. When we can’t do it for you, we’ll be there every step of the way to do it with you.
Proactive Guidance
We are proactive partners that aim to solve problems before they exist. We’ll work with you to build the best program possible and provide ongoing one-on-one financial guidance to help you and plan participants achieve a successful retirement.
Human First Service Model
Put simply, we aren’t a robot. So when you and your participants need help, you are assisted by a human, not a chat bot. We proactively schedule plan review meetings and are your single point-of-contact for all of your needs.
Flexible Solutions
From 401(k)s and Solo(k)s to SEP and SIMPLE IRAs, we offer a wide variety of solutions that meet the unique needs of your business now and in the future.
Contact Us
One of our 401(k) business specialists would love to talk to you about your companyβs retirement plan needs.
Call Us
(844) 238-1247
Contact Us Today
