Secure 2.0 Tax Credit Calculator

There has never been a better time to open a 401(k) for your small business. Legislation signed in December of 2022 paved the way for business owners to more easily start a new retirement plan to help themselves and their employees save for their future. And when you combine the new law’s benefits with an affordable, flat-fee plan1 from Ubiquity, you and your employees win.

Use our Secure 2.0 Calculator to see your potential tax credits. 

See how affordable a 401(k) can be

You could qualify for up to $16,500 in tax credits over a three-year period by starting a qualified retirement plan with auto-enrollment.

Take advantage of federal tax credits of up to $16,500 that cover the first three years of your small business 401(k) plan with auto-enrollment1. These credits remove financial barriers and increase confidence and peace of mind for small business owners. Plus, you can qualify for even more tax credits by contributing to your employees' retirement plan!

Do you already have a 401(k) plan that was started before 2019?

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 were paid less than $150,000 last year?

Please enter a number less than your total employee count.

IRS guidelines require your plan to have at least one plan participant who was a non-highly compensated employee for it to qualify for the credit.

Ubiquity 401(k) Plan

Would you like to learn more about matching tax credits?

1. Please refer to Important Information for details

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3 Biggest Benefits for Small Businesses

  1. 3 years of tax credits that fully pay for new 401(k) setup and admin fees. Any small business with up to 50 employees can now get a credit of up to 100% of plan expenses (not to exceed $5,000 annually). Over 3 years, this credit could be worth $15,000!
  2. Automatic enrollment credit of $500 per year to employers whose plans have automatic enrollment. Credit is applied each year for the first 3 years of the plan. With Secure 2.0, certain plans will be required to have auto-enrollment, and starting in 2025, auto-enrollment will be required universally.
  3. Employer match credit granted to small business employer matching contributions to an employee’s 401(k), up to $1,000 of credit per employee per year.
Secure 2.0 delivers additional retirement plan benefits for small business owners. Read on for more detailed information.

How much will you pay for 401(k)? Get an instant quote.

How many employees do you have?
I am a sole proprietor
(just me/or my business partner/spouse)

Or schedule a free consultation with a retirement specialist.

For more in-depth information about Secure 2.0 benefits
and rules, please click here.
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Ubiquity Delivers Simple, Affordable Retirement Plans for Small Business

Ubiquity is the #1-ranked401(k) provider for small and medium-sized businesses on Google Reviews3.

Our low-fee, customizable 401(k) retirement plans for small businesses can help clients take full advantage of Secure 2.0 provisions and help them grow their businesses.

 

1 Flat fees are charged by Decimal, Inc. for recordkeeping and administrative services. Third-party service providers may assess asset-based fees to customers. Plan Sponsors are advised to review all service agreements with providers (e.g., investment advisors, custodians, broker-dealers) to evaluate total plan costs.

2 An evaluation has been conducted by Decimal, Inc. through its research of independent customer reviews on Google, Trustpilot, and the Better Business Bureau as reported by unaffiliated contributors on or before September 30, 2022, with a revaluation date on January 12, 2023, resulting in a better evaluation, for four similar small-business 401(k) providers in the marketplace.

3 Google ratings are based on client reviews of Ubiquity Retirement + Savings products and services. Details on the methodology Google employs to calculate ratings can be found here. Rates currently displayed are as of January 12, 2023 and are based on reviews from 2014 through 2023.

Ubiquity is not a registered investment advisor and no portion of the material herein should be construed as legal or tax advice. Please consult with your financial planner, attorney and/or tax advisor for advice.

 

Ubiquity is not a registered investment advisor and no portion of the material herein should be construed as legal or tax advice. Please consult with your financial planner, attorney and/or tax advisor for advice.

 

© 2023 Ubiquity Retirement + Savings
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44 Montgomery Street, Suite 300
San Francisco, CA 94104

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© 2023 Ubiquity Retirement + Savings
Privacy Policy
44 Montgomery Street, Suite 300
San Francisco, CA 94104