401k Plans for Small Business | HEITS Benefits Group
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Retirement Plans for Small Business

The right retirement plan does three things: builds wealth for you and your team, reduces your tax burden today, and helps you attract and keep good people.

The Owner's Advantage

Your Retirement Plan Is Your Best Tax Tool

Most small business owners are dramatically under-utilizing retirement plans as a tax strategy. The right plan structure can shelter six figures of income per year — legally — while building real wealth for retirement.

1

Pre-Tax Contributions Reduce Your Bill Now

Every dollar you contribute to a qualified plan reduces your taxable income dollar-for-dollar.

2

Tax-Deferred Growth Compounds Faster

No annual tax drag on investment returns inside a qualified plan. Your money works harder over time.

3

Talent Retention in a Competitive Market

A well-designed retirement benefit is one of the top factors in employee retention — especially for higher earners.

$70k
Max 401k + profit share contribution in 2025
$200k+
Possible annual shelter with Cash Balance Plan
SECURE 2.0
New tax credits available for plan startups
100%
Of plan setup costs may be tax-deductible
Plan Options

Which Plan Is Right for Your Business?

The best plan depends on your business size, profitability, owner age, and how much you want to shelter. We help you pick the right structure from day one.

Most Popular

Safe Harbor 401k

The gold standard for small business retirement plans. Automatic non-discrimination compliance, high contribution limits, and flexibility for both employer and employee contributions.

  • Up to $70,000 total annual contribution (2025)
  • Employee deferrals up to $23,500
  • Catch-up contributions for 50+ employees
  • Employer match or non-elective contribution
  • Automatic ADP/ACP test pass
  • Roth 401k option available
Get a Plan Quote
High Earners

Cash Balance Plan

A defined benefit plan that allows profitable business owners — especially those 45 and older — to shelter dramatically more income than a 401k alone allows.

  • Contributions based on age and income
  • $150,000–$300,000+ annual deferrals possible
  • Often combined with a 401k for maximum benefit
  • Actuarial design required annually
  • Ideal for owners 45+ with consistent profits
  • Significant tax savings in high-income years
Talk to an Advisor

Profit Sharing Plan

A flexible employer contribution plan that lets you reward your team when the business performs well — with no obligation to contribute in lean years.

  • 100% employer-funded — no employee deferrals
  • Contributions are fully discretionary
  • Up to 25% of eligible compensation
  • Can be combined with a 401k
  • Vesting schedule protects employer contributions
  • Flexible allocation formulas
Talk to an Advisor

SIMPLE IRA

The low-overhead option for businesses with 100 or fewer employees. Lower contribution limits than a 401k, but dramatically simpler administration and no annual filing requirements.

  • Employee deferrals up to $16,500 (2025)
  • Mandatory employer match (2% or 3%)
  • No annual Form 5500 filing
  • Minimal setup and admin costs
  • Immediate vesting on all contributions
  • Good starting plan for new businesses
Talk to an Advisor
How It Works

Setting Up Your Plan Is Easier Than You Think

📋

1. Discovery Call

We learn about your business, your goals, and your employees to recommend the right plan structure.

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2. Plan Design

We model the tax impact and contribution scenarios for two or three plan options so you can compare.

✍️

3. Setup & Enrollment

We handle plan documents, carrier setup, and employee enrollment materials. You just review and sign.

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4. Ongoing Service

Annual plan reviews, compliance support, and participant questions handled by our team year-round.

Find Out How Much You Could Be Sheltering

A free retirement planning review will show you exactly how much you can contribute under different plan structures — and what it means for your tax bill.

Get a Free Benefits Review

Not sure if your retirement income will last?

Take the free Retirement Readiness Score — get your personalized income gap and score in 4 minutes.

⚡ Get My Retirement Readiness Score →

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Securities and advisory services offered through Independent Financial Group, LLC (IFG), a registered investment adviser. Member FINRA/SIPC. Heits Benefits Group and IFG are unaffiliated entities. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.

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