U-Haul Dealer Benefits Partnership
Save time, money, and the administrative headache of offering retirement plans with SaveDay’s $0 employer-cost, no-hassle plans. We made the 401(k) more affordable, so more people can have one. Keep reading to learn more, or –
Nearly 38 Million Americans, working for small businesses, have zero access to retirement benefits.
Finding affordable retirement benefits can be a headache. Spending thousands in start-up costs and losing time to the administrative burden of setting up a plan, only to find limited plan offerings with high fees for participants? There’s a better way: SaveDay is the $0 employer-cost, no-hassle solution.
Introducing the SaveDay Classic 401(k) Plan, customized for U-Haul Dealers.
This plan offers immediate eligibility to all employees, who will be auto-enrolled into a traditional, low-risk portfolio with a 3% contribution rate. This plan is not eligible for employer matching. Employees can opt-out and/or change their contribution levels at any time.
If you have questions or would like to customize a plan, please contact email@example.com.
Retirement Benefits – the SaveDay Way
No hassle – enjoy complimentary record-keeping, fiduciary, and compliance services
SaveDay integrates directly with your payroll to securely access and process contributions
Opt-out models dramatically increase participation and simplify on-boarding
Get Ahead of State Mandates!
In response to Congress's December 2022 passing of SECURE 2.0, states have begun mandating small businesses offer retirement plans to their employees. Don't be fooled into thinking the one-size-fits-all state plans are the only affordable route to compliance. Here are the downsides the state plans won't tell you.
Low Contribution Limits
State plans offer IRAs, with a max contribution limit of $6,500. 401(k)s have a limit of $22,500, giving employees much more room to grow their portfolio.
Penalties for Non-Compliance
Multiple states are already penalizing businesses who don't comply with their requirements or miss enrollment deadlines.
All Work, No Pay
State-facilitated IRAs are not eligible for up to $16,500 in SECURE Act tax credits that 401(k) plan sponsors can apply for.