Building a strong employee benefits package is one of the most effective ways to attract talent and retain top performers. But for many small business owners, offering a 401(k) plan feels intimidating. The process seems too complex, too expensive, or simply out of reach.
Others may have set up a retirement option years ago and left it untouched without considering whether it is still competitive in today’s job market. If that sounds familiar, now is the perfect time to revisit your benefits strategy. Offering a modern, affordable small business 401(k) plan is easier than you think and it can pay off in big ways.
Employees increasingly expect retirement benefits to be included in their compensation package. Many states have even passed retirement plan mandates that require employers to help workers save for the future.
Beyond compliance, employees are also looking at how your benefits stack up against competitors. Retirement savings remain one of the top stressors for workers. By offering a 401(k) plan, you show employees you are invested in their future. That support not only helps with recruitment, it also improves retention, reduces costly turnover, and strengthens long-term business growth.
One of the biggest barriers to offering retirement benefits is administration. That is where Candoor makes things simple.
Through iSolved’s no-touch integration with Human Interest, payroll and retirement contributions connect automatically:
This seamless setup takes the burden off your HR team while giving employees confidence that their retirement contributions are being managed correctly.
The SECURE Act 2.0 introduced major incentives for small businesses to launch or improve 401(k) plans. For example, startup tax credits of up to $16,500 are available over three years for new plans. The legislation also enhances credits for employer matching contributions and expands eligibility for part-time workers.
These provisions were designed to make retirement savings more accessible to employees and more affordable for small businesses. If you have hesitated to offer a 401(k) because of costs, now is the time to take another look.
Managing retirement plans comes with strict compliance requirements. With Candoor, you do not have to go it alone.
As a 3(16) fiduciary partner, Candoor and Human Interest provide hands-on support with filings, reporting, and compliance. Your employees benefit from professional oversight of their accounts, you reduce liability risks as the plan sponsor, and your team has peace of mind knowing experts are handling the details.
Small businesses across the country are making the switch to Candoor because we have streamlined the process of offering retirement benefits. With transparent pricing, no surprise fees, and local support, we make it easy to get started and keep things running smoothly.
When you work with Candoor, you will have:
It has never been easier or more affordable for small businesses to offer 401(k) benefits that rival larger employers.
A small business 401(k) plan can support employees with their retirement goals, keep you competitive in your industry, reduce turnover, and provide valuable tax credits.
If you are ready to simplify retirement benefits for your business, reach out to Candoor today. We will guide you every step of the way, making it easier than ever to provide affordable, modern 401(k) plans that practically run themselves.