Find the right retirement plan for your small business
No one should get a cut of your retirement.
Save an average of $200,000 with a Penelope plan with no hidden fees, no asset-based fees, and the setup fee waived for first-time plans.
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/ Monthly Admin Fee + $3/Active Participant
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/ Monthly Admin Fee + $8/Active Participant
Tax Credit
Learn more about your 401(k) Tax Benefits
The Setting Every Community Up for Retirement Enhancement (SECURE) Act introduced a range of tax credits, making 401(k) plans more accessible for small businesses. Building on this, the SECURE 2.0 Act has expanded the available tax credits.
As a small business, you could be eligible for a tax credit* covering 100% of your plan start-up costs and employer match. These credits can amount to $16,500 and are applicable for the first three years of your new plan.
*Please consult with your accountant for personalized financial advice.
Need support in choosing the right plan?
Let Penelope help you design the perfect plan that best fits your business needs.