Struggling to offer retirement plans as a small business? Partnering with True PEO, serving businesses across the United States, makes it easy to provide cost-effective and competitive options like 401(k) plans and more. By pooling resources, True PEO secures affordable rates on retirement solutions that rival those of larger corporations. From simplifying 401(k) administration to ensuring compliance with federal regulations, True PEO handles the complexities so you can focus on growing your business. Retirement benefits attract and retain top talent while boosting employee satisfaction. Ready to secure your team’s financial future? Contact True PEO today to explore our tailored retirement solutions and give your employees the support they deserve! Let’s plan for success together.
Retirement plans are a cornerstone of financial security for employees, yet many small and medium-sized businesses struggle to offer competitive options. Professional Employer Organizations (PEOs), like True PEO, simplify this process by providing businesses access to high-quality retirement solutions, including 401(k) plans and more. By partnering with a PEO, businesses across the United States can attract top talent, enhance employee satisfaction, and support long-term financial well-being. This guide explores the retirement plans available through PEOs and how they benefit both employers and employees.
Why Retirement Benefits Matter for Small Businesses
Retirement benefits are no longer optional—they’re essential for attracting and retaining top talent.
Employee Expectations: Today’s workforce values retirement options, with 77% of employees considering a 401(k) a must-have benefit.
Competitive Advantage: Small businesses that offer comprehensive retirement solutions can better compete with larger companies for skilled employees.
Partnering with a PEO like True PEO makes it easier for small businesses to provide retirement benefits without the administrative burden.
401(k) Plans for Small Businesses
One of the most popular retirement options offered through PEOs is the 401(k) plan.
Simplified Administration: True PEO handles 401(k) setup, compliance, and management, reducing the workload for small businesses.
Employer Contributions: PEOs help businesses design attractive matching programs to encourage employee participation.
Group Plan Advantages: By pooling resources, PEOs secure better rates and investment options than small businesses could access independently.
Offering a 401(k) plan not only supports employees’ financial futures but also enhances your company’s reputation as a supportive and forward-thinking employer.
Additional Retirement Solutions Through PEOs
PEOs go beyond 401(k) plans to offer a range of retirement solutions tailored to small businesses.
IRA Options: Simplified Employee Pension (SEP) IRAs and Savings Incentive Match Plan for Employees (SIMPLE) IRAs are flexible alternatives for businesses with fewer employees.
Financial Planning Resources: True PEO can connect employees with educational tools and financial advisors to help them maximize their retirement savings.
Customizable Plans: Businesses can work with their PEO to create retirement benefits that align with their budget and employee needs.
These options ensure every business, regardless of size, can provide meaningful retirement benefits.
The Cost-Effectiveness of PEO Retirement Plans
Retirement plans through PEOs aren’t just comprehensive—they’re cost-effective.
Lower Administrative Costs: By outsourcing retirement plan management to True PEO, businesses save on administrative expenses and reduce in-house workload.
Tax Benefits: Employer contributions to retirement plans may qualify for tax deductions, providing financial relief for businesses.
Improved Employee Retention: Competitive retirement benefits reduce turnover, saving businesses the costs of frequent hiring and training.
With PEOs, small businesses can offer high-quality retirement options without exceeding their budget.
Compliance Made Easy with PEOs
Managing retirement plans comes with compliance responsibilities, including ERISA, IRS, and Department of Labor regulations.
Stay Up-to-Date: PEOs like True PEO monitor regulatory changes to keep your business compliant.
Reduce Risk: By ensuring compliance, PEOs help businesses avoid costly penalties and legal issues.
Peace of Mind: With compliance experts on your side, you can focus on running your business while your PEO handles the details.
Compliance support is one of the most valuable services PEOs offer, ensuring your retirement plans are both effective and lawful.
The True PEO Advantage
True PEO, serving businesses across the United States, provides tailored retirement solutions designed to meet the needs of small and medium-sized businesses.
Comprehensive Options: From 401(k)s to IRAs and beyond, True PEO offers flexible plans that suit businesses of all sizes.
Expert Guidance: True PEO simplifies retirement plan setup and management, offering personalized support every step of the way.
Affordable Solutions: By pooling resources, True PEO ensures cost-effective options for both employers and employees.
Partnering with True PEO allows businesses to offer competitive benefits while reducing administrative burdens and staying compliant.
Secure Your Team’s Future with True PEO
Retirement benefits are more than a perk—they’re a vital tool for attracting, retaining, and supporting top talent. By partnering with a PEO like True PEO, your business can provide high-quality, cost-effective retirement solutions without the complexity.
Ready to Simplify Retirement Planning?
Contact True PEO today to learn how we can help your business offer competitive retirement plans, from 401(k)s to personalized financial resources. Let’s build a better future for your team and your business.
PEOs pool employees from multiple businesses to negotiate better rates, lowering the costs of offering competitive retirement benefits.
PEOs simplify 401(k) management, offer better investment options through group plans, and help design matching programs to encourage employee participation.
Contact True PEO today to explore retirement solutions tailored to your business needs, from 401(k)s to financial planning resources. Let’s simplify your retirement planning and support your employees’ financial futures!
