401(k) questions? We can help.

It can take around one month to set up a retirement plan. However, the timeline can increase to two months if you are switching plan providers. Applying for a plan is often the least time-consuming part of the process. With Todays Pension, eligible employers can start the process of setting up a retirement plan within minutes. We send all documents electronically for approval and e-signing.

Todays Pension offers transparent, flat-fee pricing. Our plans start at $120/month base fee plus $5-$9 per employee per month, depending on the plan level you choose. There are no setup fees, no hidden charges, and no asset-based fees. We also offer volume discounts for larger plans.

Both employees and employers can give us a call at 855-622-7824, Monday – Friday, 6 AM to 5 PM Pacific Time (9 AM to 8 PM Eastern Time). You can also visit our Support Center for assistance, or email us through your account dashboard. Our dedicated support team is here to help with any questions.

We offer a carefully curated selection of low-cost investment options including index funds, target-date funds, and actively managed funds. Our investment committee regularly reviews fund performance and fees to ensure your employees have access to quality investment choices. We also provide investment education resources and tools to help employees make informed decisions.

Eligible small businesses can receive up to $16,500 in tax credits over three years for starting a new retirement plan. This includes up to $5,000 per year for startup costs and up to $1,000 per employee for employer contributions (for businesses with up to 50 employees). The SECURE 2.0 Act expanded these credits significantly.

Offering an employer match helps attract and retain top talent, increases employee participation in the plan, and provides tax benefits for your business. Matching contributions are tax-deductible and can help you build a more engaged, financially secure workforce. Even a modest match can make a significant difference in employee retirement savings.

No, providing an employer match is optional for most 401(k) plans. However, if you choose a Safe Harbor plan design to avoid annual nondiscrimination testing, you will need to provide either a matching contribution or a non-elective contribution. We can help you determine the best plan design for your business goals and budget.

A Safe Harbor 401(k) plan is a type of retirement plan that automatically passes IRS nondiscrimination testing by meeting certain contribution requirements. Employers must either match employee contributions (typically 100% of the first 3% and 50% of the next 2%) or make a 3% non-elective contribution for all eligible employees. Safe Harbor plans simplify administration and allow highly compensated employees to contribute more.

We provide employees with an intuitive platform that includes retirement planning calculators, investment education resources, and personalized guidance. Our mobile app makes it easy to monitor progress and adjust contributions. We also offer features like automatic enrollment, automatic escalation, and 3% cash back for eligible employees to help boost retirement savings.

Look for transparent pricing with no hidden fees, easy integration with your payroll system, comprehensive compliance support, quality investment options with low fees, excellent customer service, and modern technology for both employers and employees. Also consider whether the provider offers fiduciary protection and has experience serving businesses of your size.