ShareBuilder 401k Announces Discounts on Safe Harbor Accounts
The offer will run until the October 1 safe harbor deadline.
ShareBuilder 401k, a provider of index fund-based retirement plans, is offering special discounts to businesses that set up a new 401(k) plan ahead of the October 1 government deadline for safe harbor plan designs.
Safe harbor 401(k)s feature a variety of benefits and savings for business owners looking to maximize tax-deferred contributions and minimize future tax burdens, while automatically satisfying IRS plan testing requirements. ShareBuilder 401k is offering discounts to businesses with employees that set up a new plan before the October 1 safe harbor deadline. The discounts include $200 off set-up costs from August 19 through September 7, and $100 off set-up costs from September 8 through September 22.
“A safe harbor 401(k) is a great, easy-to-manage option for most businesses with employees to build a nest egg for the future, and our goal is to maximize those benefits by making it even more cost effective to start a plan now,” says Stuart Robertson, CEO of ShareBuilder 401k. ”It is never too early or too late for business owners and workers to start reaping the benefits of a 401(k) plan.”
The safe harbor deadline approaches as recent legislation has made 401(k) plans more affordable and accessible than ever before. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed late last year, introduced tax credits that can significantly reduce plan costs and made enrollment easier for part-time workers, among other benefits.