RETIREMENT BENEFITS

Your 401(k), made simple

Managing a retirement plan comes with a lot of moving parts. ALTRES helps simplify the process by bringing everything under one roof: payroll, HR, retirement, and more!

We handle the 401(k) details,
so you don’t have to

Plan administration

Set up your 401(k) with confidence. We help manage implementation, track employee eligibility and make enrollment simple for you and your team.

Compliance &
annual reporting

Keep your 401(k) on track with help managing annual IRS audits, tax filings, plan documentation and ongoing compliance requirements.

Employee support

Our team of 401(k) experts are here to answer questions, provide financial resources and support you and your employees every step of the way.

CONNECTED TO HR SYMPHONY

Your payroll and 401(k) working together

When your payroll and 401(k) work together, there’s less information to enter, fewer spreadsheets to manage, and fewer things to keep track of each pay period.

  • Secure, single sign-on access.

  • Manage plan information, employee data and more in one place.

  • Easy employee access with automated payroll deductions.

WHY IT’S GOOD FOR YOUR BUSINESS

Take the complexity out of retirement benefits

A 401(k) can be a valuable benefit for your business and your employees, but managing the details shouldn’t become another item on your to-do list. From setting up your plan to helping you make the most of its benefits, our team is here to simplify the process from start to finish.

You don’t have to become a 401(k) expert to offer a great retirement plan. Whether you’re setting up a plan for the first time or managing an existing one, our team of 401(k) experts are here to support you so you don’t have to figure everything out on your own.

A 401(k) can offer valuable tax savings and credits for eligible businesses. Our team of 401(k) experts are here to help you understand the opportunities available to you and make the most of your retirement investments.

Tax benefits and eligibility vary based on individual circumstances and applicable tax laws. Consult your tax advisor for guidance.

As a business owner, you’re building a future for yourself, too. A 401(k) plan can help create a foundation for your own retirement while giving your employees a valuable benefit they can use to build their futures.

A well-designed 401(k) plan can help attract and retain valuable employees to ensure the future stability and success of the business.
401(k) Tax Credit Calculator

Small Business 401(k) Tax Credit Calculator

Estimate SECURE 2.0 Employer Contribution and Auto-Enrollment tax credits

Must be 100 or fewer to qualify
Non-Highly Compensated Employees
Credit capped at $1,000 per employee
3-Year Savings
$0
5-Year Total
$0
Year Auto-Enroll Contribution Total Credit

Note: Subject to SECURE 2.0 eligibility requirements. Consult a qualified tax professional regarding IRS Form 8881 filing.

Choose the plan that’s right for your business

Whether you’re looking for a simple retirement solution or enhanced features and support, we offer 401(k) plans designed to meet your business needs.

Core 401(k) Plan

The simple way to get started. Designed for businesses that don’t currently offer a 401(k), with a straightforward plan and simplified setup for you and your employees.

  • Compliance

  • 401(k) administrators

  • 40+ investment fund options

  • Employer match

Premium 401(k) Plan

Your plan, your way. A flexible 401(k) solution that gives you more options to build a plan around the needs of your business and employees.

  • Compliance

  • 401(k) administrators

  • 40+ investment fund options

  • Employer match

  • Flexible plan design

WHY IT’S GOOD FOR YOUR EMPLOYEES

Supporting your employees beyond their paycheck

A 401(k) gives employees a convenient way to save for retirement directly from their paycheck, helping them build long-term financial security while making the most of a valuable workplace benefit.

Retirement planning can come with a lot of questions. Your employees have access to a dedicated team of financial advisors who can help them better understand their options and plan for the future.

No more jumping between systems to manage your payroll and retirement plan. HR Symphony brings your 401(k) into one digital platform, making it seamless for employees to manage.

Employees can continue building their retirement savings as their careers evolve, giving them flexibility as they move from one opportunity to the next.

Once employees choose how much they want to contribute, their 401(k) contributions can be automatically deducted from each paycheck. It’s a simple, consistent way to save without having to think about it every pay period.

Frequently asked questions

Have questions? Contact us or view our FAQ’s.

A PEO Multiple Employer Plan (MEP) allows multiple unrelated employers to participate in a single 401(k) retirement plan. Instead of each employer maintaining its own individual plan, participating employers share a centralized plan structure and administrative resources through the PEO.

With a stand-alone 401(k), the employer generally has greater responsibility for plan administration, compliance, service-provider oversight, and fiduciary functions. A PEO MEP can centralize many of these responsibilities, potentially reducing the employer’s administrative workload and allowing the employer to focus on its business.

Potentially. A MEP can leverage the combined purchasing power of participating employers to create economies of scale. Depending on the plan’s pricing and services, this may result in lower administrative costs, more competitive investment pricing, and reduced costs associated with maintaining a separate plan infrastructure.

Employees generally continue to have access to their retirement accounts and investments, subject to the provisions of the MEP. Depending on the transition strategy, existing plan assets may be transferred into the MEP, and employees may receive new investment options, account features, and plan services. A transition should be carefully coordinated to address participant communications, asset transfers, and any applicable plan requirements.

Joining a MEP does not necessarily eliminate all employer responsibilities. The allocation of fiduciary, compliance, payroll, employee eligibility, contribution, and other responsibilities depends on the MEP’s governing documents and service arrangements. Employers should clearly understand what the PEO/plan provider handles and what remains the employer’s responsibility before joining.

FEATURED ARTICLES

Maintaining compliance and keeping up with ever-changing laws and regulation can be difficult. Here are some resources to help you break it down.

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Unlocking 401(k) Benefits for Small Businesses

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Understanding your 401(k) Benefits

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How to Prevent Holiday Party Liability

Company-sponsored holiday parties are a fun way to celebrate the season while maintaining employee morale.

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Let’s talk 401(k)

Interested in learning more about our ALTRES 401(k) plans? Fill out the form below to talk to a member of our team or give us a call at (808) 791-4919 and we’ll get back to you.