PLAN4MOST
The ShareBuilder PLAN4MOST is a flexible, full-service retirement plan which allows you to customize your 401k to specifically meet the business needs of your company. Now you can provide affordable retirement benefits to yourself and your employees.
Build it your way
- Get started quickly with fast online plan set-up — typically less than 20 minutes — and just minutes a month to manage your plan post-installation.
- Choose whether you want your company to encourage participation with matching contributions and/or profit sharing. Matching is not required.
- If you want to help your employees get started, consider the auto-enrollment option that requires employees to opt out of the plan — a 401k best practice.
- Want to maximize your personal contributions? Ask about the “Safe Harbor” option.
Tax advantages lower your costs
- If this is your company’s first 401k plan and you have less than 100 employees, your business is eligible for an annual $500 tax credit for the first three years.
- Any employee matching or profit-sharing contributions you make are tax deductible for your business.
- Choose the best way to protect your personal 401k contributions from taxes: tax-deferred and/or after-tax with the Roth 401k option.
Details to know
- Accommodates any organization with one to 500 employees
- Great for a start-up plan or switching your existing 401k plan
- Complete plan compliance testing and tracking
- Web-based contribution processing and ACH payment of deposits
- Full-service, online access to administer and monitor your plan
- Diverse index-based investment options comprised of Exchange Traded Funds
- Access to an online Investment Center and statements
- Access to tax-free loans
- Allows for account consolidation and rollovers
Q & A
- Q: Is this the right plan for my organization?
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A: The PLAN4MOST is for most companies. You are an ideal candidate if:
- You have more than ten employees
- You want the flexibility to design a plan that meets your specific needs
- You’re looking to simplify your 401k administration with online tools that help automate your program
- Q: What are the available investment options?
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A: The plan has 15 core index funds and 5 model portfolios. A money market fund is also available.
- Q: What type of enrollment materials are needed?
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A: Enrollment is handled online and is paper-free. A training video and guides make it easy for employees to get started.
- Q: When does the PLAN4MOST need to be established?
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A: Generally, the plan must be set up by the end of the plan year. If you choose the Safe Harbor option, you need to set up your plan at least 3 months before the end of the plan year. (Plan installation date requirements are contingent upon the plan type being adopted and whether it is an existing or startup plan. Specific deadlines are set for each year.)