Start your retirement plan today with peppermint, a better way to 401K
With peppermint as your plan sponsor, you can give your employees the retirement plan options they want without the cost, risk, and administrative burden of a traditional 401k. Improve employee satisfaction, retention, and recruitment while helping your team save for the future. Contact us today and create your retirement solution with a one time fee of $750 and just $84 a month.
peppermint’s Pooled Employer Plan makes offering great retirement savings options quick, easy, and affordable.
What is PEP
Pooled Employer Plans allow small business owners to pool retirement resources with other employers and make retirement plans less
expensive and easier to manage.
Does my business qualify?
Companies of any size can join a Pooled Employer Plan AND employers starting a new plan may be eligible for SECURE Act tax credits of up to $15,000 over three years.*
Why should I sign up with peppermint?
With peppermint as your plan sponsor, you can give your employees the retirement plan options they want without the cost, risk, and administrative burden of a traditional 401k. Improve employee satisfaction, retention, and recruitment while helping your team save for the future.
How does peppermint
compare to a traditional 401K
A peppermint retirement plan can work for almost any business, not just SMBs and start-ups. Our plans are designed to make it easy for any employer and offer several advantages over traditional 401ks.
Lower employer costs
Combining multiple employers lets you leverage group buying power which means less paperwork and maintenance
Peppermint acts as your fiduciary which limits your liability
Peppermint reduces the employer’s work. We manage vendors, work with investment managers, and find other companies to expand the pool
No Filings, no audits, and no notifications
Peppermint is responsible for signing & filing required forms including the 5500 and 8555-SSA, any audits, and all employee notifications
Higher costs and admin
Administrative costs are usually higher, and the employer is responsible for more administrative tasks
More control equals more risk
The employer is the plan fiduciary and therefore assumes all risk
The employer is responsible for plan set up, ongoing plan maintenance, choosing investment options, and working directly with vendors
Filings, audits, notifications, and forms
Employers are responsible for signing and filing all forms, initiating and funding applicable audits, and notifying employees
Setting up a PEP may give you up to $15,000+ in tax credits over 3 years. Consult your tax advisor to determine credits*