401(k) plans that benefit owners and employees

San Ramon 401(k) Advisors

Only about 24% of businesses with less than 100 employees offer a 401(k) plan, according to TK. This means a large number of Americans are not likely to be as financially prepared for retirement as those who have access to a retirement plan. And while there are many sound reasons for small businesses to start a retirement plan, there are also questions surrounding 401ks for smaller companies.

Can I offer a 401(k) plan if I only have a few employees?

Yes!No business – not even a self-employed business – is too small for a retirement plan. The fact is, 401(k) plans offer big benefits no matter the size of the business, which can help your employees with wealth management. High contribution limits, tax benefits, emergency access to funds through a loan, Roth 401(k) options, and other opportunities and benefits can make a big difference for even the smallest business.

Is it still worthwhile to offer a plan even though I can’t afford to match contributions?

Yes! Matching is actually not required by businesses offering a 401(k) plan, and the business (and their employees) can still reap many benefits without a match. An employer is not required to contribute a penny to employees’ accounts. Still, there are many mutually beneficial reasons for owners to offer a match or profit sharing to their employees.

Aren't the management fees expensive?

No!At Prosperity, we recognize the importance of wealth management and so specialize in servicing small businesses and keeping fees under control often keeping investment expenses under one percent. Our commitment to your company’s financial success is what you would expect from a trusted business partner and advisor. Many of our corporate clients consider us an integral part of their business team.

What happens when my employees have questions?

We spend the time to train and educate your employees and executives on their benefits. That’s just the beginning of a long-term relationship – Prosperity’s personnel will remain available to assist you and your employees at a moment’s notice.

Does Prosperity have experience in advising specific industries or types of companies in Contra Costa?

Prosperity has advised California 401(k) plan sponsors in a wide range of businesses.

We specialize in customizing highly-competitive 401(k) benefit packages that are within a manageable budget, helping our clients attract, reward and retain talented employees. We’ll design superior financial and benefit solutions to best serve your company’s needs, regardless of the size or type of business you own. Below are just small-business sectors we have had experience working with. Schedule a free, no-obligation consultation today!

  • Advertising Agencies
  • Ad Specialty Companies
  • Apartment Management Companies
  • Attorneys and Accounting Firms
  • Auto Body Repair Shops
  • Auto Dealerships
  • Beauty Salons
  • Beverage Distribution Companies
  • Biotech Companies
  • Catering Companies
  • Charities
  • Chemical Manufacturers and Distributors
  • Concrete and Cement Companies
  • Construction Companies
  • Corporate Entertaining and Events Companies
  • Dentists
  • Electrical Contractors
  • Engine Building and Rebuilding Companies
  • Food Distribution Companies
  • General Contractors
  • General Insurance Agencies
  • Hi-Tech Companies
  • Hi-Tech Device Manufacturers
    • Home Builders
    • Homeowners Associations
    • Human Resource Companies
    • Landscaping and Architectural Companies
    • Plastic Manufacturing Companies
    • Marine Biology Companies
    • Mining and Minerals Companies
    • Non-Profit Companies
    • Physician Groups
    • Physician MD Firms
    • Plastic Molding Companies
    • Plumbing Companies
    • Real Estate Developers
    • Recycling and Scrap Metal Companies
    • Religious Entities
    • Restaurants
    • Shipping and Transportation Companies
    • Silcon Valley firms
    • Software Developers
    • Sporting Goods Distributors
    • Start-Ups
    • Temp Agencies
    • Web Designers

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Market DataBank: 4Q 2019

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