Take advantage of increased tax incentives and a free retirement plan review. Start an ADP retirement plan today! Get Started
Take advantage of increased tax incentives and a free retirement plan review. Start an ADP retirement plan today! Get Started
ADP delivers benefits across your business with easy administration and interactive resources to keep employees engaged.
See how ADP® can help you create a retirement plan that is smart and easy for your business. We have no investment bias.
Take advantage of increased tax incentives or ADP's FREE retirement plan review.
Our retirement plan solutions readily meet the unique needs of your business — no matter how
many employees you have. See which fit is right for you.
Recommended for 1-49 employees
ADP 401k Essential
Low cost, feature-rich retirement plan solutions for small businesses
Recommended for 50-99 employees
ADP 401k Enhanced
Flexible retirement benefits that keep employees engaged
Recommended for 100+ employees
ADP 401k Premier
A dedicated and seasoned service team that supports your unique plan needs
SECURE 2.0 Act Tax Credit Calculator
Discover your potential savings with SECURE 2.0
Offering a 401(k) plan is more affordable for small businesses than ever, thanks to new tax credits introduced by the SECURE 2.0 Act.
You could be eligible for an estimated
in tax credits over the plan's first 5 years!
| Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |
|---|---|---|---|---|---|
| Total Record-keeping Fees† | |||||
| SECURE Start-up Tax Credit | |||||
| Automatic Enrollment Credit | |||||
| Estimated 401(k) Start-up Cost | |||||
| Matching Contributions Credit |
ADP Mobile App
Learn how the ADP Mobile App helps employees unlock the full potential of their retirement savings plan.
Every employee’s vision for retirement is different. Each will have questions to answer and decisions to make. At ADP we provide resources to help them get started and take control of their plan.
From financial education to useful tools like the MyADP Retirement Snapshot®1, we help participants understand how to think about the future and design a path to get there.
We make enrollment easy and provide a dashboard that gives each participant a clear view of their plan. Add targeted messaging that provides important information and employees find themselves both more connected to their plan and able to see the benefits of having it.
Making the best possible investment decisions for your plan is critical to its success. Whether your advisor is providing investment advisory services or you are considering hiring a third party for this support, ADP offers two distinct options for selecting investments:
In both options, as an independent record keeper, ADP is able to provide investment options without any bias or agenda.
A separate, indirect subsidiary of ADP, Inc., ADP Strategic Plan Services, LLC provides fiduciary investment management services. including the analysis, selection, monitoring, and if necessary, replacement of investment options on behalf of employer-sponsored retirement plans.
Today, the Employee Benefits Security Administration, part of ERISA, is actively overseeing, and ensuring the integrity of, the private employee retirement system in the U.S. Sponsoring a retirement plan makes your company responsible for the investment selection and monitoring associated with your plan. That’s often more than most small or midsized companies want to take on. ADP can help you reduce this “investment fiduciary burden”.
Whether you are looking to establish a new retirement plan or move your plan to ADP, we can help you design a plan that meets the needs of your workforce and answers questions like:
And when it comes to implementation, we make it easy, with a specialized ADP manager to help ensure the process runs smoothly.
ADP® Retirement Services Implementation
See how as a plan administrator you’ll have access to smart, flexible technology and tools, as well as an experienced, responsive team.
For companies using ADP payroll and HR solutions like RUN Powered by ADP® and ADP Workforce Now®, SMARTSync is an efficient way to connect ADP’s payroll and 401(k) plan record-keeping systems. In a recent survey, ADP customers reported real benefits:
A 401(k) plan is a company-sponsored retirement solution to which employees can contribute earnings, while employers may match a certain percentage of employee contributions.
There are several types of 401(k) plans available to employers - traditional 401(k) plans, roth 401(k), safe harbor 401(k) plans, solo (k) and SIMPLE 401(k) plans. Different rules apply to each.
Employers generally are not required to offer their employees retirement benefits. However, some states have government-sponsored retirement plans with mandatory participation. In these jurisdictions, eligible employers must enroll their employees in the state program or provide retirement benefits on their own.
Eligibility is set by the plan sponsor and may vary depending on factors like tenure, age, and employment status to determine who can participate a company’s 401(k) plan.
Offering 401(k) plans benefits employees with automated deposits, potential employer matches, and tax savings. Employers benefit by attracting talent, boosting employee satisfaction, possibly qualifying for tax incentives for their business, and showing commitment to employee financial wellness.
guidebook
*Business.com article "Best Business Employee Retirement Plans of 2023" published on April 28, 2023.
† This calculator is for illustration purposes only and should not be construed as tax advice. Please consult with your own tax professional for advice.
Monthly Investment Service Fee: ADP Strategic Plan Services, LLC will impose a fee of .10% of covered assets, subject to a minimum fee of $20.83 per month, as more further described below.
The amount of the tax credit each year is limited. Employers with up to 100 employees may be entitled to an annual tax credit for three years equal to 50% of the costs of starting up and administering a retirement plan and for participant education services. Employers with 50 employees or fewer may be entitled to 100% of the costs for these services. The maximum credit is up to the greater of (1) $500 or (2) the lesser of (1) $5,000 or (2) $250 multiplied by the number of non-highly compensated employees eligible to participate in the plan. An additional credit of $500 per year for the first three years is available to plans that offer an automatic enrollment feature that meets the requirements of an Eligible Automatic Contribution Arrangement (EACA) as defined in Internal Revenue Code Section 414(w)(3.) The maximum credit over 3 years of $16,500 is available to plans that cover at least 20 non-highly compensated employees and offer automatic enrollment.
Additionally, an annual tax credit for eligible employer contributions for five years of up to $1,000 per employee earning $100,000 or less may apply to employers with up to 50 employees but phases out from 51 to 100 employees.
The availability and amount of a tax credit depends on your situation. ADP does not provide tax advice, and you should consult with your own tax professional.
Unless otherwise disclosed or agreed to in writing with a client, ADP, Inc. and its affiliates (ADP) do not endorse or recommend specific investment companies or products, financial advisors or service providers; engage or compensate any financial advisor or firm for the provision of advice; offer financial, investment, tax or legal advice or management services; or serve in a fiduciary capacity with respect to retirement plans. Investment options are available through the applicable entity(ies) for each retirement product.
Investment options in the “ADP Direct Products” are available through either ADP Broker-Dealer, Inc. (ADP BD), Member FINRA, an affiliate of ADP, Inc., One ADP Blvd, Roseland, NJ or (in the case of certain investments) ADP, Inc. Only licensed representatives of ADP BD or, in the case of certain products, of a broker-dealer firm that has executed a marketing agreement with ADP, Inc. may offer and sell ADP retirement products or speak to retirement plan features and/or investment options available in any ADP retirement product and only associated persons of ADP Strategic Plan Services, LLC (SPS) may speak to any investment management or advisory services provided by SPS or any third party in connection with such ADP retirement products. SPS is a SEC Registered Investment Adviser. Registration does not imply a certain level of skill or services. Nothing in these materials is intended to be, nor should be construed as, advice or a recommendation for a particular situation or plan. Registered representatives of ADP Broker-Dealer, Inc. do not offer investment, tax or legal advice to individuals. Please consult with your own advisors for such advice. ADPRS-20230629-4643
