Employers with 50 employees or more
Employers with 15-49 employees May 15, 2023
Employers with 5-14 employees
March 15, 2023
May 15, 2023
Employers are not under obligation to make contributions to a 401(k) plan if offered.
However, employers who do not offer retirement options for their employees face a penalty of $100 per eligible employee per year. (up to $5,000 annually).
401GO can set up your company’s 401(k) plan in as little as 20 minutes and can integrate with your payroll provider.
You can also offer a Roth IRA from 401GO to your employees.
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