Retirement Plans – 401k/IRA

We can help your employees grow their savings while cutting your costs. In fact, your business can save up to 80% with our 401(k) plan.

The ELM 401(k) plan includes a $400 one-time plan document fee plus a $400 ongoing fee for administration, for a total setup and administration cost of $800. On average, a stand-alone 401(k) plan includes a $1,500 one-time plan document fee plus a $2,000 ongoing fee for administration, bringing the total to $3,500 for total setup and administration.

Our 401(k) plan can be customized to include:

  • Roth and Traditional 401(k)
  • Profit sharing
  • Safe harbor 401(k)
  • Age-weighted cross tested formula
  • Participant loans, hardship distributors

In addition to saving you time and money, we can help reduce fiduciary liability as we handle the plan design and updates, investment selection and monitoring, submission/reconciliation of contributions, year-end census information, year-end testing and compliance and filing IRS Form 5500.