Big Savings for Small Business! Secure Act 2.0 might make now the best time ever to start a 401(k) plan.
New federal tax credits can cover most of your setup costs for the first three years. Already have a plan? We'll show you exactly where it's costing you money โ and where your fiduciary liability is exposed.
Book Your Free Discovery Call20 minutes with a CFPยฎ professional. No cost, no obligation.
What the tax credits are actually worth.
SECURE Act 2.0 assists employers with tax credits for starting new plans. Enter your numbers and see your estimated credits update in real time.
| Credit | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total |
|---|---|---|---|---|---|---|
| Startup Cost Credit | โ | โ | โ | โ | โ | โ |
| Automatic Enrollment Credit | โ | โ | โ | โ | โ | โ |
| Employer Contribution Credit | โ | โ | โ | โ | โ | โ |
| Total by Year | โ | โ | โ | โ | โ | โ |
How this is calculated
We'll confirm your exact numbers and walk you through next steps.
Estimate only, based on the general SECURE 2.0 credit formulas (startup costs capped at the lesser of $5,000 or $250 per NHCE eligible to participate, with a $500 floor; employer-contribution credit assumes eligible employees earn $100,000 or less). Assumes your qualified plan costs meet or exceed the calculated cap each year and that all eligible employees receive the modeled contribution. Actual credits depend on your specific plan design, costs, and IRS Form 8881 filing. This is general education, not tax advice โ consult your tax professional, and we'll help you calculate your exact numbers on the call.
Starting from scratch, or fixing a current plan.
We work with both and can help you take the best next step for you and your employees.
- Turnkey plan design built around your budget and goals
- Capture startup and contribution tax credits before they phase down
- Payroll integration with the providers you already use
- Employee financial education provided by a CFPยฎ professional
No plan yet? Good โ you get the biggest credits.
The startup and auto-enrollment credits are only available to employers who haven't sponsored a 401(k), 403(b), or SIMPLE IRA in the last three years. New plans have lower starting costs than ever before.
- Free 401(k) Score(k)ardโ fiduciary review of your current plan
- See proposals from three leading recordkeepers, side by side
- 3(38) fiduciary investment management to reduce your personal liability
- Improve participation and savings rates with real employee education
Is your plan actually winning the retirement plan game?
Most plans have never had a real fiduciary review โ just a fee benchmark. The Score(k)ard goes further: fees, fund lineup, plan design, and participant education, all in one report.
Get Your Instant Score โGet your 401(k) fiduciary health score in 60 seconds.
Answer 10 quick questions and get an instant score โ no email required to see your result.
1. Do you have a written Investment Policy Statement that guides how plan investments are chosen and monitored?
2. Have you formally documented who on your team is a plan fiduciary โ and do they know it in writing?
3. Do you benchmark your plan's fees and investment lineup against the market at least once a year?
4. Do you know how your plan's match, eligibility, and other design features compare to similar companies?
5. Do you have a documented process for reviewing โ and if needed, replacing โ an underperforming investment option?
6. Have you personally reviewed your plan's fee disclosures in the past 12 months?
7. Do you track how well employees actually understand and use the plan โ beyond just enrollment numbers?
8. Are you satisfied with employee participation and savings rates in your plan today?
9. Do you keep written minutes any time your team meets to discuss or make decisions about the plan?
10. Do you have a reliable way of staying current on retirement plan rule changes that could affect you?
Answer all 10 questions to see your score.
Plan Consulting, Participant Education, and Investment Management Services.
Evidence Advisors, LLC is a Registered Investment Advisor firm providing fiduciary investment management to workplace retirement plans.
Plan Consulting
Plan design, benchmarking, and ongoing strategy โ we sit on your side of the table.
3(38) Fiduciary Management
We take on discretionary investment liability, so you don't have to carry it alone.
Employee Education
Financial planning tools and guidance for your team, led by a CFPยฎ professional.
Recordkeeping & Payroll
Strategic partnerships with many leading recordkeeping and payroll providers to power your plan.
