At Best Employer Solutions, we have the experience and dedication to effectively guide employers through the process of implementing a 401(k) retirement plan for their valued employees.
A 401(k) is a qualified retirement plan that provides employees with a retirement savings account with appealing tax advantages. Employees can invest a portion of their salaries into their 401(k), and employers can choose whether to match these contributions.
Offering a 401(k) is a fantastic and effective way to bring high-quality employees to your business and reduce your turnover rate.
Best Employer Solutions offers a 401(k) through a Multiple Employer Aggregation Program (MEAP). Our MEAP affords employers the ability to offer a 401(k) without the liability and cost of running an internal 401(k) department, while giving employees the ability to invest in a multitude of funds offered by eight of the top fund companies including BlackRock and Vanguard.
In a MEAP, each employer has their own 401(k) plan, but benefits from lower costs and the liability-limiting fiduciary services provided by and shared throughout the MEAP. From an employer’s perspective, a MEAP is easy, safe, and low cost.