Selecting a retirement savings plan to offer at your small business can be intimidating. So much so that almost half of small businesses do not offer anything. There are seemingly endless options available, with choices like Payroll Deducted IRAs, SIMPLE Plans, and the better-known 401(k) plan. 401(k) plans are the option most often explored by businesses, but for some businesses it is not always the best fit. There are potentially less costly and less complicated options that would allow you to offer a retirement savings plan for employees at your business.
Based upon your answers, it looks like a 401(k) plan is the best fit for your business. 401(k)s have a number of variations and beneficial options available. Millennium Trust does not currently offer 401(k) plans. We recommend that you contact a 401(k) provider, consultant, or adviser to assist you in reviewing detailed 401(k) options for your business. Solo 401(k) plans may involve more complexity and higher administrative costs than other plan types, although many providers offer streamlined options. If you use a third-party company for payroll services, you could also contact them to see who they partner with to offer 401(k) plans.
Based upon your answers, it looks like a 401(k) plan is the best fit for your business. 401(k)s have a number of variations and beneficial options available. 401(k) plans may involve more complexity and higher administrative costs than other plan types, although many providers offer streamlined options for small businesses. Millennium Trust does not currently offer 401(k) plans. We recommend that you contact a 401(k) provider, consultant, or adviser to assist you in reviewing detailed 401(k) options for your business. If you use a third-party company for payroll services, you could also contact them to see who they partner with to offer 401(k) plans. View our chart that compares 401(k) plans with other plan types.
Based upon your answers, it looks like a 401(k) plan is the best fit for your business. 401(k)s have a number of variations and beneficial options available. Millennium Trust does not currently offer 401(k) plans. We recommend that you contact a 401(k) provider, consultant, or adviser to assist you in reviewing detailed 401(k) options for your business. If you use a third-party company for payroll services, you could also contact them to see who they partner with to offer 401(k) plans.
Based upon your answers, it looks like a 401(k) plan is the best fit for your business. 401(k)s have a number of variations and beneficial options available. Millennium Trust does not currently offer 401(k) plans. We recommend that you contact a 401(k) provider, consultant, or adviser to assist you in reviewing detailed 401(k) options for your business. If you use a third-party company for payroll services, you could also contact them to see who they partner with to offer 401(k) plans.