401(k) Retirement Services
Whether you’re a start-up, self-employed, or a business with many employees, today is the right day to start saving for retirement.
Setting up a 401k allows your retirement income to grow tax-free. With each contribution, you can lower your tax burden up front and you won’t have to pay taxes on your plan until you withdraw funds in retirement.
Payroll integration is a breeze. If you’re an entrepreneur, you’ll be investing in, and protecting, your future.
Everything is automated so you’ll effortlessly maintain your budget.
Retirement plans will be in the news more and more in the coming year or two as every person in California will essentially be required to have a retirement plan.
Retirement Benefits in California
If an employee doesn’t have a plan via their employer, the State will setup and manage a plan for the person under this retirement mandate called SB1234 (CalSavers Retirement Savings Program).
Employers with five or more eligible employees must participate if they don’t already offer an employer-sponsored retirement plan. The deadline for businesses with five or more employees is currently set at June 30, 2022 (sooner for those with 50 and 100+ employees).
If you don’t want the state to administer your program, we have you covered. If you’re outside of California, we have you covered, too.
Pacific Payroll and Ubiquity – Saving for Retirement Made Easy
We have an exceptional partnership with Ubiquity Retirement that syncs 401k plans directly with our payroll software. It is small business friendly in terms of pricing and flexible investment options.
Ubiquity has been providing low cost 401k plans since 1999. They are designed exclusively for solopreneurs, small businesses (up to 100 employees), and start-ups.
Ubiquity also has world-class customer support (like we provide!) including a free consultation when you sign up.
Invest in your future on autopilot through payroll deductions. Receive tax deductions on your contributions. Employer-match contributions are also an option through 401ks. And you can build wealth without an annual tax bill on your earnings.
Flat-fee plans starting at $18/month for the self-employed, family businesses, freelancers, independent contractors, and any 1099 business. This works best for those who own their own business and have no employees or only part-time employees. For the self-employed investor, you can contribute in one of three ways:
- Traditional solo 401k contributions using “pre-tax” dollars.
- Roth 401k contributions using “after-tax” dollars.
- Or combine both and make contributions using pre-tax income and after-tax income.
For start-ups and small businesses, plans start at $75/month. Ubiquity will never charge for Assets Under Management (AUM) fees like many of its competitors.
Quick online set up and management. Tailored to you – making it a breeze to meet your goals and put aside thousands of dollars each year in tax-deductible retirement savings.
You’ll also be providing incentives to attract and retain the highest quality employees for the long term – allowing your business to stay competitive.
“Receive up to $16,500 in tax credits over three years when you open a 401k. That’s up to $5,000 per year, plus an additional $500 per year for automatic enrollment for the first 3 years.
Maximize your savings possibilities. Protect up to $56,000/year with 401k contributions vs. $6,500 with an IRA.”
Government Compliance Made Easy
When you sign up with Ubiquity, they provide the electronic participant statements; tax filing and plan document preparation; participant disclosures; annual plan notifications; IRS testing and monitoring; and eligibility notices.
Wealth management advisors available upon request.
Secure your financial future. Protect your money. Take care of your employees. Have peace of mind.
Any questions, please call us at (949) 215-3769.