The New York Retirement Plan Mandate is Fast Approaching

Compared to the state’s Secure Choice plan, an ePlan Services retirement plan may provide more financial benefits.

Advisors, your clients expect high quality service. Here’s an opportunity to demonstrate your expertise. New York’s Secure Choice savings program is still in development, but preparing your clients now will help position you as the expert.

Employers who don’t comply may face expensive penalties later. Help your clients avoid costly missteps by acting today.

Working with ePlan Services can increase your book of business!

The ePlan Services sales team will handle the plan design, setup, and management so your clients won’t have to. You’ll also have access to an excellent sales team to assist with your needs, streamlined plan management tools for your many clients, and simple payroll integration with multiple systems.

An ePlan Services 401(k) Offers

Easy plan setup

Plan setup can be easily completed online so you can focus on helping more clients.

Higher contribution rates

401(k) retirement accounts have higher contribution limits than IRAs—putting more in your clients’ pockets down the road.

Potential tax breaks

SECURE Act offers tax credits to employers who start plans, add an auto-enrollment feature, or make contributions.

Tax Breaks for Small Businesses

A state-administered savings program may seem like a simple choice. But, your clients may be missing out on tremendous tax credits if they choose this option.

As outlined in the SECURE Act, NY business owners could save up to $16,500 plus an additional $1,000 for employer contributions.

ePlan Services provides plan education and admin services-making plan setup a breeze, so you can spend more time retaining clients and growing your book of business.

Calculate Your Client's Potential Tax Break

Let’s see how ePlan Services stack up against your state’s plan

ePlan Services 401(k)

New York’s Secure Choice

Will your client qualify for tax credits?

Up to $5,000 + $1,000 employer contribution credit (per employee)

Roth IRAs do not qualify

Can your client use matching to help retain employees and gain tax credits?

Yes

Matching is not permitted

Will your client have access to plan management tools?

Yes

The state manages the plan solely

Will your client have flexible investment options?

Yes

Restricted

How much are your clients’ employees allowed to contribute each year?

23,500 + $7,500 in catchup contributions if eligible

$7,000 + $1,000 in catchup contributions if eligible

Ready to seize this opportunity?

The need for compliant savings programs won’t stop with New York’s Secure Choice.

Collaborating with us can help your clients make a smart decision and increase your credibility as a trusted financial advisor. Ready to get started?