401k
A Smart, Tax-Advantaged Way to Save for Retirement
A 401(k) plan is one of the most powerful tools available to build long-term wealth for retirement. Whether you’re an employee or a business owner, contributing to a 401(k) offers significant tax advantages, flexibility, and growth potential. With a 401(k), you can:
Key benefits include:
- Contribute pre-tax income, reducing your current taxable income
- Choose Roth 401(k) options for tax-free growth in retirement
- Benefit from employer matching contributions (free money!)
- Enjoy tax-deferred investment growth over decades
- Increase contribution limits as you age with catch-up contributions (50+)
- Consolidate retirement savings through rollovers
- Access loan and hardship withdrawal options in emergencies (if plan allows)
Whether you’re just starting out or optimizing your retirement strategy, a 401(k) offers the foundation for consistent, disciplined saving—with powerful tax benefits along the way.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
Safe Harbor 401k
Long-Term Independence.
A Safe Harbor 401(k) is a special type of retirement plan designed to help business owners and highly compensated employees contribute the maximum allowed—without worrying about annual IRS nondiscrimination testing. By meeting specific employer contribution requirements, a Safe Harbor plan allows everyone to benefit—especially the business owner.
Key benefits include:
- Automatic IRS testing exemption—no ADP/ACP discrimination testing
- Business owners and high earners can contribute up to the annual maximum
- Attractive to employees—employer contributions are immediate and fully vested
- Boosts employee retention and satisfaction with a competitive retirement benefit
- Flexible plan designs, including matching or nonelective contributions
- Potential for additional profit-sharing contributions on top of Safe Harbor
Ideal for small to mid-sized businesses that want a tax-efficient way to reward employees while building personal retirement wealth.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
ROTH 401k
Tax-Deferred Growth. Tax-Free Retirement. Long-Term Freedom.
A Roth 401(k) combines the high contribution limits of a traditional 401(k) with the tax-free growth potential of a Roth IRA—making it an ideal choice for long-term, tax-smart retirement planning. Unlike a traditional 401(k), contributions to a Roth 401(k) are made with after-tax dollars—but qualified withdrawals in retirement are completely tax-free.
Key benefits include:
- Tax-qualified withdrawals of both contributions and earnings in retirement
- No income limits (unlike Roth IRAs)—high earners can contribute
- High contribution limits
- Employer match allowed (match goes into traditional 401(k) portion)
- Ideal for those who expect to be in a higher tax bracket in retirement
- Helps create tax diversification in your retirement income strategy
A Roth 401(k) is especially powerful for younger savers, high-income earners, and anyone looking to reduce future tax burdens.
Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
SEP
Flexible. Powerful. Designed for Self-Employed and Small Business Owners.
A SEP IRA is a tax-advantaged retirement plan designed for self-employed individuals and small business owners who want a simple, flexible way to save for retirement—without the complexity of traditional 401(k) plans. Whether you’re a solo entrepreneur or have a few employees, a SEP IRA allows you to contribute significantly toward retirement while lowering your taxable income.
- High contribution limits—up to 25% of compensation
- Tax-deductible contributions for the business
- Easy to set up and maintain with minimal paperwork
- No annual IRS filings or complex testing requirements
- Contributions are immediately 100% vested
- Great for fluctuating income—fund when profitable
- Available to businesses of any size, including sole proprietors and freelancers
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
SIMPLE
An Easy, Low-Cost Retirement Plan for Small Businesses
The SIMPLE 401(k) (Savings Incentive Match Plan for Employees) is a retirement plan designed specifically for small businesses—typically those with 100 or fewer employees. It offers an easy-to-manage alternative to traditional 401(k) plans with lower administrative costs and fewer compliance burdens. SIMPLE 401(k) plans are ideal for businesses that want to provide meaningful retirement benefits without the complexity of standard plans.
Key benefits include:
- Easy to set up and maintain—minimal IRS reporting and testing
- Employee salary deferrals
- Required employer contribution: either 3% match or 2% nonelective
- Contributions are immediately 100% vested
- Reduces business taxes while helping owners and employees save
- Great first step toward offering retirement benefits
A SIMPLE 401(k) is designed for small business owners looking to attract and retain talent while building their own retirement savings in a cost-effective way.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
SOLO
Maximize Retirement Savings as a One-Person Business
A Solo 401(k)—also known as an Individual 401(k)—is a powerful retirement plan designed specifically for self-employed individuals or business owners with no full-time employees (other than a spouse). It offers the highest contribution limits available to individuals, along with unmatched tax advantages and flexibility. Whether you’re a freelancer, consultant, independent contractor, or solo entrepreneur, the Solo 401(k) helps you take full control of your financial future.
Key benefits include:
- High contribution limits
- Contribute as both employee and employer to maximize tax-deferred savings
- Choose Traditional (pre-tax) or Roth (after-tax) options
- Optional loan provision for business flexibility
- Spouse can participate and contribute if working in the business
- No annual IRS filing required until assets exceed $250,000
- Lower your current taxable income while building wealth for retirement
A Solo 401(k) is ideal for individuals who want to supercharge retirement savings, reduce taxes, and enjoy total control over their investment strategy.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
Defined Benefit
Guaranteed Retirement Income for High-Earning Professionals & Business Owners
A Defined Benefit Plan, also known as a pension plan, offers one of the most powerful ways to accumulate significant retirement savings—especially for high-income earners, professionals, and small business owners with consistent cash flow. Unlike 401(k)s or IRAs, a Defined Benefit Plan promises a guaranteed income stream in retirement, based on a formula that considers age, income, and years of service. This plan is ideal for those seeking larger tax deductions and accelerated retirement funding in a short time frame.
Key benefits include:
- Guaranteed income in retirement, not tied to market performance
- Substantial annual contributions—often $100,000+ depending on age and income
- Contributions are 100% tax-deductible to the business
- Ideal for business owners, doctors, and professionals with few or no employees
- Can be paired with a 401(k)/profit-sharing plan for even greater savings
- Contributions grow tax-deferred until withdrawal
- Excellent tool for catching up on retirement savings later in life
A Defined Benefit Plan provides confidence with predictable retirement income—while offering one of the most generous tax strategies available to successful business owners.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
Profit Sharing
Flexible Retirement Contributions That Reward Success
A Profit Sharing Plan is a powerful retirement strategy that allows businesses to share a portion of their profits with employees through tax-advantaged contributions to their retirement accounts. It’s an ideal way for business owners to reward performance, retain talent, and reduce taxable income—all while building long-term wealth. Unlike traditional retirement plans, contributions to a profit sharing plan are discretionary, giving you flexibility year-to-year based on your business’s financial performance.
Key benefits include:
- Employer-only contributions—no employee deferrals required
- Contributions are 100% tax-deductible to the business
- Funds grow tax-deferred until retirement
- Flexible annual funding—you choose whether and how much to contribute
- Helps attract, reward, and retain top-performing employees
- Can be paired with a 401(k) or Safe Harbor plan for even greater benefit
A Profit Sharing Plan is a strategic tool for businesses that want to optimize taxes, boost employee loyalty, and build owner retirement wealth on their own terms.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
PEP (pooled Employer Plan)
Next-Generation Retirement Plans for Growing Businesses
A Pooled Employer Plan (PEP) is a modern retirement solution that allows multiple unrelated employers to participate in a single, professionally managed 401(k) plan. Introduced under the SECURE Act, PEPs are designed to reduce the administrative burden, cost, and liability of offering a retirement plan—while giving small and mid-sized businesses access to the same quality benefits as large corporations. Ideal for business owners who want to offer a competitive retirement plan without taking on the complexities of running it alone.
Key benefits include:
- Turnkey retirement solution with simplified setup and administration
- Lower costs through pooled resources and shared fiduciary responsibilities
- The Pooled Plan Provider (PPP) handles compliance, investments, and reporting
- Helps attract and retain talent with a robust 401(k) offering
- Businesses of any size can join—no common industry or relationship required
- Reduces employer fiduciary liability and risk
- Great option for startups, growing companies, and professional groups
PEPs make it easier than ever for businesses to provide a compliant, cost-effective, and scalable retirement benefit—without needing to manage it all in-house.
Multiple Employer Plans (MEPs)
A Streamlined, Cost-Effective Retirement Plan for Groups of Businesses
A Multiple Employer Plan (MEP) is a type of retirement plan that allows two or more unrelated businesses to join together and offer a single, consolidated 401(k) plan. By pooling resources, businesses can reduce administrative burdens, lower costs, and offer competitive retirement benefits typically reserved for larger companies. MEPs are ideal for associations, franchises, or small-to-mid-sized businesses looking for an easier way to offer high-quality retirement plans.
Key benefits include:
- Lower administrative costs through shared plan management
- Simplified compliance—one audit, one Form 5500 filing for the whole plan
- Reduced fiduciary liability for participating employers
- Access to institutional-level investment options and plan features
- Helps small businesses offer attractive retirement benefits without added complexity
- Optional Pooled Plan Provider (PEP) structure for even broader access under SECURE Act
- Great for industries with many small employers (e.g., contractors, hospitality, health care)
MEPs help small and mid-sized businesses stay competitive in today’s job market—without the heavy lifting of managing a retirement plan alone.
IRA-Based Payroll Deduction Plans
Simple, Low-Cost Retirement Savings Option for Small Employers
An IRA-Based Payroll Deduction Plan allows small businesses to offer employees an easy way to save for retirement—without the complexity or cost of setting up a full retirement plan. Employees can contribute to a Traditional or Roth IRA directly from their paycheck, while the employer simply facilitates the deduction—no matching contributions or plan filings required. This is an excellent first step for small businesses that want to support employee retirement goals without taking on administrative responsibility.
Key benefits include:
- No employer contributions or plan filings required
- Minimal setup and no ongoing administrative costs
- Easy for employees to contribute to their own Traditional or Roth IRA
- Encourages employee savings and financial wellness
- Flexible—employees choose their own IRA provider and investment options
- Meets state-mandated retirement plan requirements in many cases
- Great entry-level solution for businesses not ready for a 401(k)
An IRA-Based Payroll Deduction Plan provides a low-barrier way to support your team’s financial future, while keeping things simple and affordable for your business.
403b
Designed for Educators, Nonprofits, and Public Service Professionals
A 403(b) plan is a tax-advantaged retirement plan available to employees of public schools, nonprofit organizations, hospitals, and certain religious institutions. Similar to a 401(k), a 403(b) allows you to build retirement savings with significant tax benefits—while supporting those who dedicate their careers to serving others. Whether you’re a teacher, nurse, or nonprofit employee, a 403(b) can help you grow long-term wealth and retire with confidence.
Key benefits include:
- Tax-deferred or Roth contributions—you choose how your money potentially grows
- Additional "15-year service" catch-up for long-term employees (up to $3,000/year extra)
- Often includes employer matching contributions
- Investment options typically include annuities or mutual funds
- Easy payroll deductions and automatic savings
- Lower fees and simplified administration in many nonprofit plans
A 403(b) helps you make the most of your income while doing meaningful work—allowing you to build a secure, dignified retirement.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.
457
Flexible, Tax-Advantaged Retirement Savings for Government & Nonprofit Employees
A 457 plan is a powerful retirement savings option available to state and local government employees, as well as certain nonprofit organization staff. Similar to a 401(k) or 403(b), a 457 plan allows you to defer a portion of your salary into a tax-advantaged investment account—helping you grow retirement savings while reducing your current taxable income. What makes the 457 unique is its flexibility and early withdrawal advantages.
Key benefits include:
- Tax-deferred or Roth contributions—you choose how your money potentially grows
- No early withdrawal penalty if you separate from service before age 59½
- Can be used in addition to a 403(b) or 401(k) for double savings potential
- Ideal for early retirees or public sector professionals with defined retirement timelines
The 457 plan offers government and nonprofit employees a strategic, flexible way to boost retirement savings and gain more control over their financial future.
Withdrawals from traditional plans are taxed as ordinary income in the year received. Tax penalties and penalties for early withdrawal may apply if funds are withdrawn prior to age 59 ½.