Retirement Plans & 401(K) Services

A secure future promotes productivity and happiness.

Retirement Services in California For Small Businesses

While Pacific Coast Payroll is not a 401K provider, we’ve partnered with some of the industry’s best.  Leverage our network of partners to give your employees the benefit of participating in a built-for-you retirement plan. And give your company the priceless advantage of committed employees who have the option to build toward their future.

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Prefer to chat? Give us a call. 888-575-5899

Leverage Pacific Coast Payroll’s network of 401K providers.

  • Designed for small business budgets. Fees are competitive and transparent.
  • Gain access to more than 1600 investment options.
  • User-Friendly navigation for all retirement plans.

Options available.

Why Implement A 401(k) Plan?

Hassle-Free, retirement plans all integrated with payroll.  Set it and forget it.

Customizable. Employees can select the investment amount deducted and contribute automatically to their 401(k) account.

Employee retention tool. Help attract and retain top talent.

Potential tax savings advantages for the owners of the business.

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Retirement

401(k) services

401(k) plans are designed to make retirement planning accessible and easy. Employees set their own contribution amounts and, depending on the provider, can be deposited directly into their 401(k) with each paycheck.

Your 401(k) plan is:

  • Hassle-Free. Retirement plans that work while you work. Set it up and let it go.
  • Customizable. Employees can select the investment amount deducted and contribute automatically to their 401(k) account.
  • An Employee Retention Tool. Attract and retain top talent.

Implementing a 401(k) is an easy way to help your employees save for a stable future and is also an excellent means to help owners reduce their taxable income.

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Implementing a 401(k) is an easy way to help your employees save for a stable future and is also an excellent means to help owners reduce their taxable income.

401(k)

Plan types and options available.

Our network of partner’s 401(k) services offers you the flexibility to determine how to deliver the best value to your employees.

Traditional 401(k) 

Employees save for their retirement through payroll-deducted contributions, while employers have the option to make additional contributions to their employees’ 401(k) accounts.

However, required annual non-discrimination testing was developed to ensure 401(k) plans do not favor owners or highly compensated employees (HCE) over other employees. Therefore, HCEs and business owners may impose limits on their annual contribution amounts.

Safe Harbor 401(k) 

This plan includes the same features as a Traditional 401(k) plan but bypasses annual nondiscrimination testing. A Safe Harbor plan requires minimum annual employer contributions through a matching formula or a fixed annual contribution, similar to SIMPLE plans.

Solo(k) 

These plans give owner-only and family-only businesses the ability to make the maximum allowable contributions to a retirement plan. And plan holders have access to their accumulated balances through a loan feature.

Business owners and their spouses receive the same advantages of Traditional 401(k) plans, including pre-tax and Roth IRA contributions. Additionally, higher annual contribution limits are allowed instead of limits found in SEP-IRA or SIMPLE plans.

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Employee contributions

Explore your deferral options.

All employees and business owners may defer a specified legal annual amount, with higher limits for those aged 50 or older. Our licensed partners make sure you have access to the most popular deferral options, giving you the ability to help your employees build their retirement savings through:

Regular Deferral 

A pre-tax employee contribution that is deductible in the year it is made so the contribution grows tax-free. The accumulated balance will be taxed upon distribution at the individual’s then-current income tax rate.

Roth Deferral

An after-tax employee contribution that is not deductible in the year it is made. Contributions grow tax-free and the accumulated balance will not be taxed upon distribution unless the Roth contributions have not been in the plan for at least the past five plan years. If that’s the case, the earnings on the Roth contribution will be taxable when withdrawn.

Catch-Up Contributions

These are optional for individuals aged 50 or older, allowing them to defer an additional amount to their 401(k) accounts, with higher annual limits for both Regular or Roth Deferrals.

Get in contact with a licensed specialist now to learn more.

Employer contributions

Simple ways to make contributions to your employees’ 401(k) plans.

Fixed Company Match 

Match employees’ contributions at a fixed rate. This is a simple, predictable way to help them grow their retirement funds. This option is the most popular matching method for small businesses.

Discretionary Company Match 

Match a percentage of each employee’s deferral, giving the freedom to offer, raise or lower the match percentage annually.

Discretionary Profit Sharing 

Make one-time or periodic contributions to employees’ 401(k) plans, even if they’re not actively contributing to their own accounts. Our partners will prepare estimated profit sharing calculations upon your request.

Get in contact with a licensed specialist now to learn more.

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