Employee Fiduciary, announced the launch of its Small Business 401(k) Tax Credit Calculator. This tool is specifically designed to help small businesses calculate their potential savings and estimate their 401(k) plan costs by leveraging new SECURE 2.0 tax credits.
SECURE 2.0 includes tax credits, including Startup Tax Credit, Employer Contribution Tax Credit, and Automatic Enrollment Tax Credit, which can significantly reduce the out-of-pocket costs for small businesses starting a 401(k) plan.
The calculator has been thoughtfully designed to provide a seamless and intuitive user experience. It is an effective tool for business owners to estimate their plan costs and potential savings. By answering just a few questions, the calculator takes into account not only Employee Fiduciary fees but also available tax credits. This empowers small business owners to make well-informed decisions when it comes to starting and maintaining a 401(k) plan.