401(k) Plans

Choice Payroll can now help your employees save for retirement while providing you with a powerful recruiting and retention tool at an incredible value. We have a variety of plan options to choose from depending on the size of your business. For our clients with less that 50 employees, The Online 401(k)™ is a low cost web-based retirement plan built to address the specfic needs of small businesses.

The Online 401(k)™ is an all-inclusive 401(k) plan. That means we handle all aspects of your plan so you and your employees have one single point of contact for all your 401(k) plan needs. Here is a list of all the features and services included in our monthly fees.

   FOR EMPLOYERS
  
   FOR EMPLOYEES
  
   Features Included Recordkeeping
  • Daily valuation recordkeeping
  • Unlimited fund choices
  • Optional discount brokerage account
  • Choice of custodian (Matrix or Schwab)

Plan Administration & Compliance

  • IRS-approved plan document
  • Annual compliance testing
  • Signature-ready form 5500
  • Online compliance calendar

   Plan Sponsor Online Services

  • 30-minute online plan setup
  • Plan forms online
  • Employee census management
  • Payroll file submission
  • Compliance calendar
  • Monthly e-newsletter
    
   Plan Participant Online Services
  • Online enrollment meeting
  • Daily account snapshot
  • On-demand Web statements
  • On-demand transaction history
  • Unlimited fund transfers
  • Retirement planning tools, calculators
  • Loan modeling
  • Plan forms online (rollover, distribution)
  • Toll-free live customer support

Ask your CPA. Small businesses starting a new 401k may be eligible for a $500 tax credit per year (for the first three years)!