The Simple (k)™

Small Business Retirement Plans made Easy!

The Simple (k)™

The Simple (k)™is a flat fee 401k plan with reduced administrative costs for small and medium size employers. Our small business 401k services will increase investment options and expand services to employees through flexible retirement plans.

Our technology makes 401(k) plans affordable for small businesses. Also, the government gives small businesses a $500 tax credit for setting up a 401(k) plan. The Simple (k) offers a choice of affordable pricing packages for any size business.

Providing your employees with a 401k plan helps you maintain a competitive advantage in the marketplace and retain key talent within your business. Training and recruiting new employees takes time and money. A 401(k) is one of the benefits that will help you lure in new hires and improve your employees’ morale and job satisfaction, leading to less turnover!

Small Business 401k Frequently Asked Questions:

How does it work?
A simple payroll deduction adds to retirement savings every pay period and setting up your plan is a snap. While it takes some 401(k) providers months to get your 401(k) up and running, we do it in less than three weeks for new plans. With The Simple (k), you get quick, easy set-up and flexible options — all in one place.
How do 401(k)s impact my business taxes?
Both the operating expenses of your 401(k) plan and the employer contributions (if you decide to do a match) are tax-deductible, taking a chunk out of your tax bill. And your employees can lower their income taxes and take advantage of tax-deferred compound growth. Additionally, you can contribute more to a 401(k) plan compared to other retirement savings vehicles – in 2008, the contribution limit for 401(k) plans is $15,500 (plus $5,000 for catch-up contribution). This compares quite favorably to the $10,000 limit (plus $2,500 catch-up contribution) for a SIMPLE.
How does a 401k benefit my business and the bottom line?
Providing your employees with a 401k plan helps you maintain a competitive advantage in the marketplace and retain key talent within your business. Training and recruiting new employees takes time and money. A 401(k) is one of the benefits that will help you lure in new hires and improve your employees’ morale and job satisfaction, leading to less turnover!