The most common retirement plan, a traditional 401(k) encourages employees to save for retirement through pretax and Roth 401(k) contributions. With pretax contributions, taxes are deferred until your employees draw from their accounts. Roth 401(k) contributions are made post-tax, and can be withdrawn tax-free under certain conditions.

A 401(k) plan with a safe harbor provision automatically satisfies certain nondiscrimination testing requirements. It also encourages plan participation from employees with lower wages, maximizes salary deferrals for employees with the highest wages, and is simple to administer.

A key employee retention tool and flexible retirement plan, profit sharing allows your company to divide contributions between employees. These contributions remain discretionary, regardless of profits, and can be allocated using new comparability or a variety of other methods.

Help employees start saving for their retirement automatically — without the administrative hassle of traditional enrollment meetings. Once enrolled, participants maintain complete control of their own accounts and can opt-out (online or by phone) at any time.

Our Roth 401(k) feature allows participants to contribute post-tax funds to their Traditional or Safe Harbor 401(k) plan. With certain restrictions, this allows tax-free distribution of earnings after retirement.

Under federal law, plan participants over the age of 50 can contribute an additional $5,500 beyond the normal limits for a Traditional or Safe Harbor 401(k), or $2,500 for a SIMPLE IRA.

Employer matching encourages plan participation by allowing you to contribute to your employees' retirement accounts. The amount matched is usually expressed as a percentage of your employees' own contributions.

When you choose a vesting schedule, you determine the percentage of the employer contribution that an employee takes with them. Employees may be 100% vested immediately, or you can choose to start at 0% and increase the percentage based on how long the employee has worked for you.

This feature allows participants to borrow from their plan balance prior to retirement. Loan payments are made through payroll on a per-pay-period basis and include both principal and interest.