Axcet Makes Offering Retirement Benefits Easy
Invest in your employees' future and enhance your small business's appeal with a robust 401k plan from Axcet HR Solutions. Our affordable and expertly managed 401k plans make it easy for small and mid-sized businesses to offer top-tier retirement benefits without the usual high costs and administrative burdens.
Many small businesses shy away from 401k plans due to perceived expenses and complexities. With Axcet HR Solutions, you’ll find that offering one of the best 401k plans for small business is accessible and hassle-free.
Our tailored retirement plan services ensure your employees gain valuable benefits, while you experience seamless and stress-free administration.
Thinking about outsourcing your small business 401k plans? Reach out »
Cost-Effective 401k Management
Why Choose Axcet for Small Business 401k Plans?
Small business 401k plans are one of the most coveted job perks. But when smaller companies manage 401k plans on their own, it can get expensive fast. They may be required to pay a third-party administrator setup charges and legal fees for drafting summary plan documents, among other costs.
With Axcet HR you'll:
Small businesses don’t have these plan expenses when they engage Axcet HR Solutions, a certified professional employer organization (CPEO), for retirement plan services in Kansas City.
Axcet handles every aspect of setup, oversight and administration without additional cost, and our flexible plan is customizable based on your company’s specific needs and objectives.
We offer a variety of options, including after-tax and pre-tax contributions, along with a strong investment lineup with plentiful choices for your employees.
Participants have 24/7 online access to their accounts and – unusual among 401(k) providers – the availability of free, one-on-one consultation and education by certified financial planners.
Axcet relieves the administrative and compliance burdens of managing a 401k plan, which includes handling plan auditing and U.S. Department of Labor (DOL) 5500 annual tax filings.
With Axcet’s retirement plan services, employers can offer high-value 401k benefits for employees without worry or extra costs.
Custom 401k Plan Design & Consultation
Tailored Small Business 401k Plans to Meet Your Goals
Before designing a 401(k) plan, Axcet’s small business 401k plan experts meet with employers to learn their retirement benefit goals.
Whether you aim to maximize contributions for business owners or encourage employee participation through matching goals, we tailor plans to your specific objectives.
Axcet experts work with you to design a plan that aligns with your retirement benefit goals.
Our team ensures the plan complies with DOL regulations, including safe harbor rules.
When business owners want to lower their taxable income through contributions or otherwise participate in the company’s 401(k) plan, we make sure that, as required by law, the plan doesn’t disproportionately benefit them.
If necessary to achieve this goal, Axcet develops a safe harbor plan to ensure that all employees – regardless of salary level – can equally benefit from the company’s 401(k) retirement plan.
This nondiscrimination compliance can be difficult to achieve without the kind of specialized expertise Axcet professionals offer.
Axcet offers flexible options such as pre-tax and post-tax contributions, profit-sharing opportunities and customized matching contributions.
Our expertise helps smaller companies enjoy lower expenses, higher participation levels and worry-free compliance.
With Axcet’s help, smaller companies enjoy not only lower expenses, but also customized 401(k) benefits for employees, higher participation levels and worry-free compliance.
Flexible Loans & Hardship Withdrawals
Employee Financial Flexibility Axcet’s small business 401k plans offer employees the flexibility to borrow against their investments for short-term financial needs or make a hardship withdrawal from a 401k plan during emergencies.
Under either loan scenario, Axcet handles all administration and documentation.
With Axcet, your small business will be able to:
Employees may borrow against their investments at any time for any reason and avoid taxes and penalties by paying back the loan within a set timeframe.
The availability of these loans is an advantage for employees who experience unexpected, short-term financial needs.
Employees can make a hardship withdrawal from their 401k plan account balance for financial emergencies like a major medical expense, response to a natural disaster or impending home foreclosure.
While employees do not have to pay back 401(k) hardship loans, they do have to pay taxes and penalties on the amount they withdraw.
Axcet facilitates the process for clients, allowing employees to request loans online, setting up deductions from their paychecks, updating payroll accordingly and ensuring employees are not exceeding annual borrowing limits.
We educate employees about repayment deadlines and the implications of hardship withdrawals, sending reminders to help them meet deadlines.
Hassle-Free 401k Compliance
Stay Compliant with Axcet
Compliance with small business 401k plans can be complex and time-consuming. Axcet HR Solutions handles all compliance activities, from annual testing to summary plan descriptions and fee disclosures.
Axcet conducts the annual testing required by the federal government to confirm your plan’s compliance year over year, ensuring it does not favor highly compensated employees or discriminate against lower-income workers.
Handling this testing in-house and making mistakes or missing a deadline could result in receiving hefty IRS penalties or being disqualified from the plan.
We create summary plan descriptions and send out fee disclosures, distributing other required notices that provide transparency around the plan’s investments including the costs to employees for being invested in a certain fund and specific fees for various transactions.
Our services ensure that your 401k plan adheres to all regulatory requirements, preventing costly penalties and maintaining plan qualification.
Trust Axcet to manage compliance accurately and on time, so you can focus on running your business.
Efficient 401k Administration
Streamlined 401k Plan Management Streamline administration with Axcet’s small business 401k plans. We manage record-keeping, payroll deductions and automated contributions.
With Axcet, your small business will...
Axcet takes care of day-to-day administration, including record-keeping, payroll deductions and automated contributions and data submission.
Our large plan assets provide low expense ratios, saving money for both employers and employees because 401k plans often are priced by volume – the bigger the plan, the lower the expense ratio.
Axcet creates a turnkey approach for employers, so they can offer the best 401k plans for small business without the overwhelming task of administering them.
All employers have to do is enjoy the goodwill and increased engagement they create by offering employees an efficient and effective way to invest in their retirement.
Professional 401k Plan Oversight
Expert Management & Fiduciary Oversight
Gain peace of mind with Axcet’s fiduciary expertise overseeing your small business 401(k) plans. Our financial professionals regularly evaluate the plan's performance and manage fund selections.
With Axcet, your small business will:
A fiduciary committee comprised of financial professionals regularly evaluates Axcet’s 401k plan to ensure it is meeting or exceeding desired performance standards.
The committee tracks and manages funds, taking full responsibility for investments within the lineup and for removing any with below-market performance.
Small business owners must somehow monitor the productivity of plan funds themselves – a difficult and daunting task for those without investment prowess. With Axcet’s trusted retirement plan services, employers and employees alike have access to a powerful retirement-savings tool.
Axcet’s comprehensive management provides a powerful retirement-savings tool, freeing business owners from the complexities of fund monitoring and investment decisions.
PEO Services Help Small Companies Thrive
Job Ads, Resumés, Onboarding, Oh My!
As a full service professional employer organization (PEO), we provide comprehensive HR support and administration to help your business succeed.
The cost of a bad hire can be significant, often reaching as much as 30% of their salary. By relying on our HR experts, you can save your business thousands of dollars and avoid the costly mistakes that can come with an uninformed hiring process.
Schedule a chat with the HR experts at Axcet today.
* We don’t share your personal info with anyone.
Check out our Privacy Policy for more information.