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  • Main: 251-470-0700
    W-2 Questions: 251-470-0995

    MOBILE:

    210 S Washington Avenue
    Mobile, AL 36602

    FOLEY:

    805 N. McKenzie Street
    Suite A, Foley, AL 36535

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401K

We can help your employees grow their savings while cutting your costs. In fact, your business can save up to 80% with our 401(k) plan.

The ELM 401(k) plan includes a $400 one-time plan document fee plus a $400 ongoing fee for administration, for a total setup and administration cost of $800. On average, a stand-alone 401(k) plan includes a $1,500 one-time plan document fee plus a $2,000 ongoing fee for administration, bringing the total to $3,500 for total setup and administration.

Our 401(k) plan can be customized to include:

  • Roth and Traditional 401(k)
  • Profit-sharing
  • Safe harbor 401(k)
  • Age-weighted, cross-tested formula
  • Hardship distributions

In addition to saving you time and money, we can help reduce fiduciary liability as we handle the plan design and updates, investment selection and monitoring, submission/reconciliation of contributions, year-end census information, year-end testing and compliance and filing IRS Form 5500.

Request a Free Consultation

Could your company benefit from working with a Professional Employer Organization (PEO) like ELM?

Request a free consultation to learn more about our services.

Our Other Services
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    Payroll
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    Human Resources
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    Benefits
  • Workers Comp - check list with plus shield icon
    Workers' Compensation
  • Timeclock Icon - Clock with checkmark
    Time Keeping

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