401(k)s that build wealth
for small businesses

Intentionally designed for small businesses. Made to be simple, transparent and straightforward.

Woman small business owner

We believe building wealth
for retirement should be easy
and accessible. For everyone.

That’s why we've streamlined everything about 401(k) plans to make them simple, affordable, and easy to manage for businesses of any size.

Book a free consultation

Simple & transparent pricing

  • Flat-fee subscription plan
  • $8/participating employee per month
  • No asset-based and transactions fees

Create your plan in just 15 minutes

  • Tell us about your business
  • Select eligibility requirements
  • See your detailed plan

We handle the details

Penelope takes care of compliance testing, annual reporting to the IRS, and serves as your digital recordkeeper.

business owner using his laptop

Simple & transparent pricing

401(k) plans shouldn’t be so complicated

We've designed our retirement plans to streamline decision-making for busy business owners. Our plans feature Vanguard funds for best-in-class performance. Start growing wealth for yourself and your employees without the hassle of sifting through endless options.
Book a free consultation

Stand out from the crowd

Attract and retain the best employees with a retirement plan

The cost of losing and retraining an employee can add up. 92% of workers say that retirement plans, along with healthcare, are a key reason for staying. Bolster your benefits with a cost-effective and straightforward plan.
Book a free consultation
baker woman

Take advantage of Secure Act 2.0

There’s never been a better time to start a 401(k) Plan

If you’re starting a new 401(k) plan your business may be eligible to receive up to $16,500 in tax credits over the plan’s first three years to help offset initial plan costs.
Book a free consultation

Start growing
your wealth today

Book a free consultation


Start your plan

In just 15 minutes, use our simple plan builder to set up your personalized 401(k) plan that’s tailored to your business needs.


Connect your payroll provider

Quickly connect your payroll provider and let us do the rest. We auto-enroll your new hires, update salary changes, and change employment types.


Watch your wealth grow

Focus on your business knowing your money is growing while we take care of everything!

We’ll help you find the answers you need.

Question mark

Knowledge Base

Find answers to frequently asked questions.

Go to FAQ
Magnifier icon

Discovery Call

Ask our 401(k) experts what Penelope can do for you.

Schedule Now
Support Representative Avatar


Have a question you can’t find an answer to? Just ask us.

Contact Support

Hear from business owners like you


Jefferson Macklin

Partner, Traveler Street Hospitality

"We chose Penelope over the Massachusetts Restaurant Association's plan because I wanted a plan that encouraged participation without all the fees"

Executive Director

Roberta Pereira

Executive Director, The Playwrights Realm

"I’ve wanted to do this for a long time. Penelope makes it easy. This means I can build a culture that aligns with our mission"

Don’t wait any longer to start building wealth for you and your employees.

Get started today by answering a few simple questions about your business and let us help you build your 401(k) retirement plan.