Delaware Retirement Plans

Peppermint® qualifies as a retirement option for Delaware.

Delaware Just Mandated Retirement!

Free eBook Resources

Meant to help aid your decisions and assist in building your financial wellness.

Yes, any business with five or more employees — each of whom has been paid more than $5,000 in the calendar year is required to have employee-sponsored retirement benefits.

This law with go into full effect starting October 15, 2024 for businesses with 5 or more employees.

In Delaware, nearly 150,000 workers lack access to retirement savings through thier workplace. Peppermint401k helps close the retirement savings gap.

What is a Pooled Employer Plan?

Simplified and Cost-Effective

Pooled Employer Plans (PEP) enables organizations to join forces with other employers, pooling resources to create a more affordable and streamlined retirement plan. By reducing individual administrative burdens, our PEP makes it easier for businesses to offer valuable retirement benefits to their employees.

We handle the administration.

Peppermint® handles all the administrative tasks, from audits to risk management and compliance reviews, so you can focus on your business without expending valuable resources.

Maximize Your Savings with Tax Credits

Peppermint’s PEP setup could earn you up to $15,000 in tax credits over three years. Plus, enjoy additional tax credits for matching employee contributions, up to $1,000 per participant.

Explore the Benefits of Peppermint’s Pooled Employer Plan Options

All Options Include:

  • Profit sharing options
  • Funds can be invested in retirement plans before being taxed
  • Ability to transfer funds from prior retirement accounts
  • Flexible eligibility for enrollment
  • Automatic enrollment options
  • Access to borrow from retirement accounts
  • Ability to withdraw funds in an emergency
  • All options reduce an employer’s taxable income

Plans
Options

Safe Harbor Option

Employer Match

Employee Investment

Compliance Testing

Optimizes Employee Retirement

Dollar for Dollar

Safe-Harbor Matching Plan

Employer matches 100% on the first 4% of deferred compensation

Pre-tax Contributions, Post-tax (Roth) contributions

Automatic pass on most nondiscrimination tests

Yes

$84/month

Fixed 3%

Safe Harbor Matching Plan

Employers put in 3% of employee’s compensation, even if the employee does not contribute

Pre-tax Contributions, Post-tax (Roth) contributions

Automatic pass on most nondiscrimination tests

Yes

$84/month

Discretionary Plan

NON-Safe Harbor Option

Employer discretion

Pre-tax Contributions, Post-tax (Roth) contributions

Subject to compliance testing

Yes

$84/month

Want to get started? Look no further. Our customer success team is at your service.

Contact Support

844-399-8890

info@peppermint401k.com

“Working with Peppermint 401k on our PEP plans has allowed us to offer top-tier benefits without the complexity. Their team’s support, user-friendly platform, and expertise in retirement planning, prioritization of funding and debt resolution, have made a dramatic difference in keeping our employees engaged and financially secure.”
Lucha Oceguera, Genius Avenue
“Working with Peppermint 401k on our PEP plans has allowed us to offer top-tier benefits without the complexity. Their team’s support, user-friendly platform, and expertise in retirement planning, prioritization of funding and debt resolution, have made a dramatic difference in keeping our employees engaged and financially secure.”
Lucha Oceguera, Genius Avenue

Our Clients Say It Best

We make 401k plans simple and affordable, so you can focus on running your business. Here’s how we’re helping teams stay engaged and financially secure.

Less Risk

Than a traditional 401k

$15,000+

In tax credits over 3 years*

*Consult your tax advisor to determine credits.