The SaveDay Blog

News and Updates

Choosing The 401(k) Plan That’s Best For Your Small Business

You’re concerned for your employees and have a genuine interest in setting up the best 401(k) plan for your company. So, how do you know the choice you’re making is the right one?  Here’s a simple breakdown of different plans to help guide you when selecting a 401(k) plan.

Choosing A Safe Harbor 401(k) For Your Small Business

A fan favorite amongst small business owners, Safe Harbor plans are similar to traditional 401(k) plans, with the exception of the added benefit of passing non-discriminatory testing (NDT). This isn’t the only difference between the two, however.

A 401(k) Is The Best Gift You Can Give

Finding gifts for your employees is expensive and stressful on your budget, especially if you’re a small business owner. The great thing is that 401(k) plans don’t have to cost you anything, making it a budget-friendly gift option.

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no set-up fee
no monthly fee
no per employee fee
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Debunking 4 Myths Surrounding Small-Business 401(k) Plans

Considering opening a 401(k) plan for your business, but concerned about the process or qualifications? Fear not. We’re debunking some of the top myths surrounding small business 401(k) plans and why you shouldn’t let these myths stand in the way of you or your employees’ retirement planning goals.

401(k) Fees Are A Thing Of The Past

If you’ve shopped around for 401(k) providers, then you have probably been comparing plans and evaluating fees. The harsh truth is that many 401(k) providers are either charging for fees that they shouldn’t, or they are simply overcharging.

3 Things You Should Know About A Traditional 401(k)

Generally speaking, the more money you make, the more of an incentive it is for you to contribute to your 401(k) since you will save more in taxes by contributing. It should be noted however that contributing to a 401(k) regardless of your income level will still help you save money on taxes.

Qualify today for a $0 cost 401(k)