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Startup 401(k) Plan Tax Credit Calculator
SECURE 2.0 significantly enhanced the tax credits available to eligible small businesses who start a new 401(k) plan. Use our free calculator to estimate how much a new plan would cost your clients given our respective annual fees and available tax credits.
How many employees?
Include business owner(s)
Tax credits are limited to 100 or less employees
How many of these employees are HCEs?
You cannot have more HCEs than employees
Will the plan offer automatic enrollment?
Your annual advisory fee
Year 1
Year 2
Year 3
401(k) Plan Cost
$2,000
$1,500
$1,500
Employee Fiduciary Fee
$1,500
$1,500
$1,500
One-Time Startup Fee
$500
$0
$0
Your Advisory Fee
$0
$0
$0
Tax Credits
$3,750
$3,750
$3,750
Startup Credit
$3,750
$3,750
$3,750
Auto Enrollment Credit
$500
$500
$500
Plan Cost After Credits
$0
$0
$0
401(k) Plan Cost
$0
$0
$0
Tax Credits
$500
$500
$500
Credits Still Available
$0
$0
$0
Credits Available
$0
$0
$0
Credits Applied
$0
$0
$0
Total Estimated Savings:
$5,000
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