Ubiquity

Secure Act Tax Credit Calculator

Thanks to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, small business owners have the opportunity to lower their taxes when they start a retirement plan for their employees.

See how much you can save

As a small business, you could qualify to earn up to $16,500 in tax credits over a 3 year period by starting a qualified retirement plan with auto-enrollment.

Do you already have a 401(k) plan that was started before 2018?

May not be eligible for start-up credit if plan is more than 3 years old, but may still be eligible for $500 auto-enrollment credit.

How many employees do you have?

Cannot exceed 100 employees to be eligible for credit.

How many non-owner employees received less than $125,000 last year?

Please enter number less than your total employee count.

Year 1
Year 2
Year 3
Total

Start-Up credit up to ? Start-up Credit is $250 per non-highly compensated employee but no less than $500 in total and not to exceed $5,000 per year. The credit shall not exceed 50% of total cost per year. The start-up credit is available for the first three years of the plan. x

Auto-enrollment credit up to ? Annual credit of $500 applies to plans who add an automatic-enrollment provision to the 401(k) Plan. x

Total tax credits up to

Slide left/right to see full table.

This calculator is for illustration purposes only and should not be construed as tax advice. Users should consult a tax professional regarding specific tax needs, credit availability and amount. For further information please visit the IRS website.

Let's Get Started. Talk to an Expert Now.

© 2021 Ubiquity Retirement + Savings
Privacy Policy
44 Montgomery Street, Suite 3060
San Francisco, CA 94104
Support: 855.401.4357

Facebook Twitter LinkedIn YouTube

© 2021 Ubiquity Retirement + Savings
Privacy Policy
44 Montgomery Street, Suite 3060
San Francisco, CA 94104
Support: 855.401.4357

Credit Card Logos