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401(k)s that build wealth for small businesses

Intentionally designed for small businesses. Made to be simple, transparent, and straight-forward.

Woman business owner

Trusted by businesses of all sizes

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.

 

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Transparent Pricing

  • Flat-fee subscription plan
  • $8/participating employee per month
  • No asset-based and transaction fees
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Get Started in 15 Minutes

  • Tell us about your business
  • Select eligibility requirements
  • See your detailed plan
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Penelope Takes Care Of

  • Compliance testing
  • Annual reporting to the IRS
  • Serving as your digital recordkeeper

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.
simple & transparent pricing
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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.

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.
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Halley Chambers & Kip Green

“The idea that we can provide a future, forward-looking service like a 401(k) plan has been really important in recruitment.”

Halley Chambers & Kip Green

Co-Founders, Margot

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 our retirement specialists will help you build your company's 401(k) retirement plan. 

Questions?

We’ll help you find the answers you need.

What if my employees do not want to be auto-enrolled? 

All eligible participants are able to opt out of participation once they have been invited to participate in the plan.

How can I contribute to my employees' plans? 

With a Safe Harbor 401(k) plan, employers are required to make contributions that meet specific criteria, such as matching or nonelective contributions. This requirement helps ensure that all employees benefit from the plan, regardless of their contribution levels.

With the Starter 401(k) plan, there are no employer contributions allowed. The only contributions allowed are employee contributions.

Am I required to offer a 401(k) plan?

Although many employers offer a 401(k) plan to their workers these days, they are not required by law to do so. According to information from the U.S. Bureau of Labor Statistics, just 67% of private industry workers had access to a 401(k) plan in 2020.

Requirements for business owners regarding retirement plans are ever-changing, but at this time, employers do not have a legal obligation to offer a 401(k) plan to their workers. Still, 16  states have passed laws that require all business owners to either offer a plan to their eligible employees or participate in a state-sponsored plan, which is typically in the form of a Roth IRA.

Check on your state’s specific requirements and deadlines to sign up, as you may be subject to penalties if you do not comply.

Financial Resources for Small Business Owners

The Difference Between Roth and Pre-tax Retirement Contributions

The Difference Between Roth and Pre-tax Retirement Contributions

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What is the Automatic IRA Act of 2024? Small Business Retirement News

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Retirement Plans for Nonprofit Organizations

Retirement Plans for Nonprofit Organizations

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February 09, 2024