Why does a small business need a 401(k) plan?

A 401(k) plan is a great savings vehicle for employees and employers. The employer can save on taxes. The owner can prepare for retirement. Employees can build a nest egg. Every employer wants to take care of the employees. A 401(k) plan is a valuable benefit that can yield greater employee retention and attraction.


Many small businesses choose to use a SIMPLE or a SEP because they believe a small business 401(k) is out of reach. With a BenefitGuard 401(k) plan, those businesses can enjoy the additional benefits of a full 401(k) plan at a very similar cost.

How is a BenefitGuard plan cost-effective for a small business?

BenefitGuard has negotiated extremely competitive rates with the industry’s top service providers while also providing sophisticated investment strategies at institutional prices. BenefitGuard brings thousands of plan participants together and buys on their behalf, driving costs down so you can keep more of what you earn. This means that companies of all size can enjoy the benefits of a Fortune 500 401(k).

Is a BenefitGuard plan only for small businesses?

Absolutely not. BenefitGuard provides plans for large, medium, and small businesses across the nation. Some of these clients have thousands of employees, others only have a handful. A BenefitGuard 401(k) was originally built to bring big business benefits to small businesses. With plan savings from 30-60% and less risk and work for employers, it is an attractive plan for everyone.