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401(k) plan solutions

 

Get your employees retirement-ready by offering a retirement plan that works for you and your business. Everyday 401(k) by J.P. Morgan offers simple, low-cost 401(K) plan solutions for your small business.

 

What is a 401(k)?

 

A 401(k) is an employer-sponsored retirement plan that allows employees to contribute a portion of their paycheck to save for retirement.

Learn what a 401(k) plan can do for you (and your employees)

 

Attract and retain top talent

 

87% of employees identify retirement benefits as a key factor when deciding whether to stay with their current employer or consider a new opportunity.

 

Take advantage of low costs and tax credits

 

Today, businesses can receive up to $5,000 per year in tax credits for the first three years after starting a 401(k) + $500 per year for choosing automatic enrollment.

 

Help your employees build a brighter future

 

83% of workers who participate in a defined contribution plan are confident about their retirement.

Design a 401(k) plan that is right for your business

 

You have the flexibility to choose the 401(k) plan features to help you reach your business goals.

Traditional 401(k) or
Roth 401(k)

 

Whether your employees pay taxes now or later on their contributions, the choice is yours.

Safe Harbor

 

401(k) plans with this design feature don’t have to perform the complex nondiscrimination tests that apply to 401(k) plans without this feature.

Profit Sharing

 

You can deposit a lump-sum contribution into your employees’ retirement accounts at year-end as a tax-deferred bonus.

Matching

 

Your employees are your best asset and they’re working hard to save for retirement. Consider giving them a boost by matching a certain percentage of their contributions.

Determine if your state requires a retirement plan solution

 

Many states are enacting legislation which requires small businesses to enroll employees in a state-run individual retirement account (IRA). By considering your options now, you can prioritize your employees’ futures.

Interested in a 401(k) plan by J.P. Morgan?

Get the latest retirement insights

 

4 reasons to start a 401(k) today

 

Keep your business moving forward by offering a low-cost retirement plan.

 

Many businesses have been forced to rethink the products they offer, how they serve their customers and what it means to be part of a team. And employees are leaning into some of the new realities of work — virtual, contactless or spatially distanced.

 

 

Mandatory retirement plans are on the horizon

 

A growing number of states are passing laws requiring business owners to automatically enroll employees in retirement savings accounts. This shift in policy affects small business owners in particular. See what this means for your business.

 

 

Find the right retirement plan for your business

 

Employer-sponsored retirement plans: Which one is right for you?

 

Footnote1

J.P. Morgan Small Business Plan Participant Research, 2021.

Footnote2

Under the SECURE Act, tax credits may be available to help you offset your first three years of plan startup costs in an amount equal to 50% of qualified startup costs paid or incurred, but limited to the greater of (1) $500; or (2) the lesser of (a) $250 for each non-highly compensated employee who is eligible to participate in the plan or (b) $5,000. In general, "qualified startup costs" are ordinary and necessary expenses of an eligible employer that are paid or incurred in connection with the establishment or administration of an eligible employer plan, or the retirement-related education of employees with respect to a plan if the plan has at least one participant who is not a highly compensated employee. Employers should be advised to consult their tax advisors concerning eligibility for the credit.

Footnote3

Traditional: Employee contributions are deducted from gross income and no taxes are due until the employee withdraws money.

Footnote4

Roth: Employee contributions are deducted from employee’s after-tax income and no additional taxes are due when the employee withdraws money.

Everyday 401(k) by J.P. Morgan is not an offering of JPMorgan Chase Bank, NA; clients will be directed to J.P. Morgan Asset Management, an affiliate.


INVESTMENT AND INSURANCE PRODUCTS ARE:

  • · NOT FDIC INSURED
  • · NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

  • · NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES
  • · SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED

This is a general communication being provided for informational purposes only. It is educational in nature and not designed to be a recommendation for any specific investment product, strategy, plan feature or other purposes. By receiving this communication you agree with the intended purpose described above. Any examples used in this material are generic, hypothetical and for illustration purposes only. None of J.P. Morgan Asset Management, its affiliates or representatives is suggesting that the recipient or any other person take a specific course of action or any action at all. Communications such as this are not impartial and are provided in connection with the advertising and marketing of products and services. JPMorgan Chase & Co. and its affiliates do not provide tax, legal or accounting advice. This material is not intended to provide, and should not be relied on, for tax, legal or accounting advice. The client should consult its own tax, legal and accounting advisors for advice before engaging in any transaction.

In no event shall J.P. Morgan Asset Management, JPMCB, N.A. or any of its directors, officers, employees or agents be liable for any use of, for any decision made or action taken in reliance upon, or for any inaccuracies or errors in or omissions from, the information herein.

Certain recordkeeping and related services for plans may be provided on behalf of JPMorgan Invest Holdings LLC (J.P. Morgan) by DST Retirement Solutions, LLC, a wholly owned subsidiary of SS&C Technology Holdings, Inc., neither of which are affiliated with J.P. Morgan.

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Retirement Plans

Help your employees plan, save, and invest for their future with 401(k) plan solutions. J.P. Morgan’s low cost retirement plans are built for you and your employees.