By offering your 401(k) services to small businesses, you can add more value to your small business owner clients while creating additional relationships and planning opportunities with employee participants.

Sometimes called “profit-sharing plans,” non-elective 401(k)s can be a powerful tool for small businesses to retain good employees, reduce taxes, and help business owners prepare for their own retirement. 

Employers can outsource many of their fiduciary duties, allowing them to utilize a provider like 401GO to cover many aspects of their 401(k).

While these retirement plans have many core features in common, they’re also very different. Let’s explore those differences.

Small business owners are sometimes underprepared, and haven’t given enough thought to their retirement savings strategy.