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Yahoo
16 hours ago
- Business
- Yahoo
ShareBuilder 401k Announces Special Savings on Safe Harbor 401(k) Setup Ahead of October 1st Deadline
SEATTLE, August 18, 2025--(BUSINESS WIRE)--ShareBuilder 401k, a leading provider of affordable, all-ETF 401(k) plans for small businesses and medium-sized companies, today announced a special offer designed to assist businesses with employees establish their first 401(k) plan and meet the crucial Safe Harbor deadline. To encourage early adoption and ease the setup process, ShareBuilder 401k is offering significant discounts: From August 18 to September 2: Businesses with employees establishing a new 401(k) plan will receive $250 off their setup fee. From September 3 to September 12: A $100 discount will be applied to the setup fee for new plans. Companies will have until September 17th to purchase a Safe Harbor at ShareBuilder and still meet the October 1st government deadline. Safe Harbor 401(k) plans provide numerous advantages for business owners and their employees, including high contribution limits to build retirement savings, significant tax benefits for contributors including Roth 401(k) option, and a powerful tool for attracting and retaining top talent. A key benefit of the Safe Harbor 401(k) is its ability to automatically satisfy IRS plan testing requirements, allowing both employees and owners to maximize their contributions up to the annual 401(k) limits without restrictions. While employer matching is optional in many 401(k) plans, the Safe Harbor 401(k) design requires an immediate vesting match for employees, including owners. For businesses with fewer than 100 employees, concerns about the cash outlay for employer contributions are significantly mitigated by the tax credits enabled in the recent Secure 2.0 Act. This legislation has added more tax credits for businesses starting their first plan beyond covering setup and administration costs to also include an offset to employer contributions. Any employer contribution not covered by these enhanced tax credits is typically tax-deductible for the company, further reducing the net cost. To establish a Safe Harbor 401(k) plan for the current year, it must be set up by October 1 of the current year. Most providers recommend initiating the process well in advance to ensure the company's plan is fully operational on time and not delayed until the following January. By leveraging ShareBuilder 401k's current offers and digital purchase and installation process, businesses can establish a low-cost, full-featured plan that simplifies compliance management and provides valuable retirement benefits to their employees. "Too many small businesses are missing out, unaware of just how affordable and accessible a robust 401(k) plan can be," stated Stuart Robertson, CEO of ShareBuilder 401k. "Our unwavering commitment is to empower businesses of every size to effortlessly as possible provide themselves and their employees with a vital retirement plan. By offering these limited-time savings on setup, we are actively dismantling another perceived cost barrier and urging more employers to seize the benefits of a 401(k) plan." A 2024 ShareBuilder 401k survey revealed that 55% of small business owners believe their business is too small to offer a plan, while 28% are concerned about affording a company match. Additionally, 22% of owners view providing a 401(k) plan as too expensive. However, providers like ShareBuilder 401k have specifically developed retirement plans tailored to meet the unique needs and financial constraints of small businesses. When coupled with the substantial tax incentives from the Secure Act 2.0, offering 401(k) plans can be nearly cost-neutral, providing a more secure and affordable retirement option for businesses and their employees. ShareBuilder 401k offers a range of plans designed to meet the needs of different-sized businesses, emphasizing low costs, user-friendly technology, and exceptional customer service. To learn more, visit About ShareBuilder 401k ShareBuilder 401k is a leading digital 401(k) provider specializing in low-cost, all-ETF retirement products and resources for small- to mid-sized companies, including owner-only businesses. Founded in 2005 and now serving more than 6,500 businesses across the US, ShareBuilder 401k is a pioneer of the index-based 401(k), digital quoting and purchasing of retirement plans, and providing investment management (ERISA 3(38)) services for every client's fund roster. ShareBuilder 401k is committed to expanding access to retirement plans and leading more Americans to save through cutting-edge technology, low costs and quality education and support. View source version on Contacts Patrick Mendoza, mendozap@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Al Bawaba
7 days ago
- Business
- Al Bawaba
Five Automation Priorities for Small IT Teams in Growing Businesses
Manual expense management and invoice processing can be a significant burden for small and medium-sized businesses. Finance teams often spend hours navigating disjointed workflows, spreadsheets, email threads, PDFs, and paper-based systems. This not only drains productivity but also increases the risk of errors, delays, and data privacy teams are frequently called on to help address these inefficiencies, but many lack the resources to research, implement, and maintain high-end financial technology solutions. For growing businesses, the investment in time, infrastructure, and specialised skills can seem out of reality is that automation doesn't need to be complex or resource-intensive. When properly planned and implemented, even lean IT teams or a single IT lead can successfully streamline finance operations. Here are five key considerations for small IT teams looking to automate expense and invoice processes without overextending their capacity:1. Establish Clear Objectives and Stakeholder AlignmentThe most common barrier to successful automation is not technical, but rather a lack of strategic alignment. IT leaders should engage early with finance and other key stakeholders to define the purpose of automation. Is the priority to improve productivity, increase visibility, enhance compliance, or achieve a combination of these goals?Clearly defined roles, responsibilities, and expectations from the outset ensure a coordinated approach and a higher likelihood of success.2. Select Solutions That Match Internal CapacityFor organisations with limited IT resources, user-friendly implementation options are essential. Depending on the solution, IT leaders may be able to choose between:• Self-guided configuration: Step-by-step setup through guided prompts.• Supported implementation: A hybrid model where the internal team leads the process with external technical support, particularly for tasks such as SAML-based Single Sign-On or ERP right solution aligns with the business's existing capabilities and strategic objectives.3. Engage Finance with the Right QuestionsTo ensure the system meets business requirements, IT leaders should collaborate closely with finance to clarify:• What data needs to be captured and posted? Understand which expense and invoice records need to flow into the accounting system.• What systems must be integrated? Identify necessary connections, including ERP, payroll, credit card feeds, or data management platforms.• What reporting is required? Define the key performance indicators and financial insights finance teams expect to track.• What compliance controls are essential? Ensure alignment with corporate policies and regulatory standards.4. Collaborate on Testing and ValidationTesting should involve more than technical troubleshooting. It's also an opportunity to validate that business processes and compliance needs are properly supported. IT leaders should engage finance stakeholders throughout the validation phase to ensure the system meets operational requirements and user expectations. Early collaboration reduces rework and fosters stronger cross-functional trust.5. Use Built-In Adoption Support to Drive UptakeSmall IT teams often lack the capacity to run comprehensive change management programmes. Selecting solutions with embedded adoption tools, such as communication templates, training modules, and onboarding guides, can significantly reduce rollout complexity. These resources enable rapid user adoption, helping the finance team gain visibility and control over spending aligning stakeholders, choosing the right tools, and collaborating throughout implementation, even small IT teams can drive meaningful finance transformation. Automating expense and invoice workflows enables greater efficiency, improved compliance, and smarter decision-making. This frees up IT to focus on core responsibilities like infrastructure management, data protection, and systems maintenance.
