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In 2019, a Federal law created a new type of 401(k) called a Pooled Employer Plan (PEP). The Sallus PEP allows employers of all sizes, from any industry to “pool” their resources by joining a single 401(k). This increases efficiencies and lowers costs for small employers. This helps level the playing field for small businesses.
Other retirement plan options leave much of the plan administration and fiduciary duties to you. At Sallus we:
If you start a new retirement plan, you may qualify for significant tax credits.
For example, a company with 20 employees could receive tax credits of up to $86,500 over the first five years of the plan. In many cases, the cost of a plan could be nearly free for the first few years.
At Sallus, we have fully leveraged the advantages of the pooled retirement plan structure and behavioral science in combination the latest technology to create an easy and intuitive user experience removing most of the administrative burden from you to us. All plan assets are held in a trust, so you’ll have peace of mind. All you really have to do is withhold the payroll for employees and then let us know when things change. We do the rest and report back to you on the activity. It’s so easy!
Click on the topics below to learn more from our retirement plan coach, Sali:
At Sallus, we have fully leveraged the advantages of the pooled retirement plan structure in combination with using the latest technology to create an easy and intuitive user experience moving most of the administrative burden from you to us. All you really have to do is withhold the payroll for employees and then let us know when things change. We do all the rest and report back to you on the activity. It’s so easy!
Click on the topics below to learn more from our retirement plan coach, Sali:
Several state legislatures have enacted mandates requiring small businesses to offer a retirement plan to their employees. Some state governments even offer state-run retirement plans as an option for small business owners. Depending on the state you live in, these mandates may affect you. As you might assume, generally these state-run alternatives aren’t as attractive as the Sallus PEP solution as you can see in the head-to-head comparison we have performed. Hover over our interactive map below to learn more:
Several state legislatures have enacted mandates requiring small businesses to offer a retirement plan to their employees. Some state governments even offer state-run retirement plans as an option for small business owners. Depending on the state you live in, these mandates may affect you. As you might assume, generally these state-run alternatives aren’t as attractive as the Sallus PEP solution as you can see in the head-to-head comparison we have performed. Hover over our interactive map below to learn more:
Soon Sallus will be able to match a small business owner with an Advisor if they would like to work with one.
We work with trusted Advisors who will always act in their clients’ best interests.
If you already have a trusted Advisor, we can work with them too. Simply copy the link below and forward it to your Advisor.
In the meantime, you can contact us for any other assistance.