As a small business owner, you want to offer your employees a competitive benefits package, but you may feel overwhelmed at the prospect of an employee retirement plan. Luckily, many employee retirement plans on the market are designed for small businesses. To save you the time of poring over all the plan details and fees, we did the work for you. We researched setup costs, prices for employers, plan types and investment fees to determine the best employee retirement plan providers for small business owners. Read on to learn about our recommendations and why we selected them.
Why You Should Trust Us
The business.com team is devoted to providing business owners with trustworthy recommendations for the software and services needed to take their enterprises to the next level. Our experts and analysts spend countless hours interviewing vendor representatives, participating in demos and testing solutions to assess their effectiveness. These independent evaluations represent our commitment to quality, fairness and accuracy.
When selecting the best employee retirement plans, we looked for providers who offer a variety of plan types, from traditional and Roth 401(k)s to SIMPLE and SEP IRAs. We took into account both the cost for employers and the administration and investment fees charged to employees. During our investigations, we also tried each vendor’s online platform used for enrolling in and managing retirement funds. Learn more about our methodology and editorial process.