Make Saving Simple

Intentionally designed 401(k) plans for businesses of any size. Made to be simple, transparent, and straightforward.

Set up a retirement plan for your business in under 15 minutes that avoids expensive asset-based fees, boosting your employees' savings.

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Administration Features

We made 401(k) plans seriously easy, so you can focus on running your business.

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We track your 401(k) plan’s balances, transactions, deferrals and more in-house.

This means that you get access to all your records faster and easier.

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“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 let us help you build your 401(k) retirement plan.

Get Started  >
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Simple & transparent pricing

No Fees = More Savings

When businesses offer a Penelope 401(k), they ensure their employees can invest more of their hard-earned money. Penelope doesn’t charge asset-under-management fees, so employees can save as much as 40%* more for their retirement.

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Take Advantage of Tax Benefits

SECURE 2.0 Act introduced a range of tax credits that make 401(k) plans more affordable for businesses. 

As a business, you may qualify for a tax credit that covers 100% of your plan start-up costs and employer match. These tax credits can add up to $16,500* and are available for three years.

*Please consult with your accountant for personalized financial advice.
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Simple by design

401(k) Plans Shouldn’t be so Complicated

Penelope makes it easier for businesses to provide 401(k) plans. Our turnkey systems are easy to implement and automate, and we handle all your compliance needs.

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Affordable Retirement Plans
for Businesses of all Sizes

No one should get a cut of your retirement.
Save an average of $200,000* more with a Penelope plan thanks to our predictable and transparent pricing.

Safe Harbor Plan

A cost-effective 401(k) for small businesses that want to help employees save more.

 

  • $23,000 Annual Contribution Limit
  • Employer Match
  • Payroll Integration
  • Auto Enrollment
  • Customizable Plan
  • Pre-tax or Roth

$125

 /mo subscription fee

+ $8 per active employee/month


That’s it! We never charge any other fees

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Starter 401(k) Plan

A simple and affordable 401(k) option for small businesses to offer their employees.

 

  • $6,000 Annual Contribution Limit
  • No Employer Match
  • Payroll Integration
  • Auto Enrollment
  • Simple Investments
  • Pre-tax or Roth

$49

 /mo subscription fee

+ $3 per active employee/month


That’s it! We never charge any other fees

Get Started

Plan Features

Starter 401(k)

Safe Harbor 401(k)

Payroll Integration

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Recordkeeping & Custodial Services

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3(16) Fiduciary Services

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5500 Filings

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Compliance Support

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Auto Enrollment

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Rollover Support

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Pre-tax & Roth Contributions

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Dedicated Support

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Employer Contributions

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Customizable Plan Design

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Profit Sharing

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Start growing
your wealth today

Sign Up Now  >

1

Start your plan

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

2

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.

3

Watch your wealth grow

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

Not sure which plan is best for your business?

Connect with our retirement specialists for a complimentary call to find the best plan for you and your employees.