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.

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Let Penelope help you design the perfect plan that best fits your business needs.

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