“I recommend SurePayroll to everybody. I tell them, ‘Just go through SurePayroll and you’ll never have to worry about anything.’”
“Being able to depend on SurePayroll to run payroll and handle payroll taxes gives me tremendous peace of mind.”
“SurePayroll is easy, affordable, and it saves me time and headaches. I don’t have to figure out how to do payroll and taxes because SurePayroll does it for me.”
See how Sure401(k) options compare to other small business plans like SIMPLE and SEP IRAs.
Defined contribution
Employee; employer contributions optional
Yes, within deferral limit
Employer contributions are optional
Yes
* Maximum compensation limit is $350,000 in 2025
Employer/Employee Combined: Up to the lesser of 100% of compensation or $69,000 ($76,500 age 50 and older in 2024
Note: For all plan types, the plan sponsor may exclude union employees
Employers can select one or more of the following participant eligibility requirements:
Immediate on employee contributions; Employer contributions can be subject to vesting schedule
Defined contribution
Employee and employer
Yes, within deferral limit
or
Yes
* Maximum compensation limit is $350,000 in 2025
Employer/Employee Combined: Up to the lesser of 100% of compensation or $69,000 ($76,500 age 50 and older in 2024
Note: For all plan types, the plan sponsor may exclude union employees
Employers can select one or more of the following participant eligibility requirements:
Immediate on employee and most safe harbor contributions; Employer contributions can be subject to vesting schedule
IRA based
Employee and employer
Yes, within deferral limit
or
No
* Maximum compensation limit is $350,000 in 2025
Employee: $16,000 (if 50 years or older, an additional $3,500 allowed)
Employer: Must generally make matching contributions up to 3% of employee compensation or contribute 2% of total eligible employee compensation, regardless of employee contributions
Note: For all plan types, the plan sponsor may exclude union employees
Participants must:
Immediate
IRA based
Employer
None. Contributions are generally by employer only.
No
Employer can decide whether to make contributions year-to-year
No
* Maximum compensation limit is $350,000 in 2025
Up to 25% of compensation, but no more than $69,000
Note: For all plan types, the plan sponsor may exclude union employees
Participants must:
Immediate
Contribution limits are subject to annual IRS cost of living adjustments (COLA) and are likely to change for subsequent years.
A large percentage of Americans are not building up sufficient assets needed to maintain their standard of living in retirement. The problem is getting worse for younger generations.
Of businesses with less than 10 employees offer retirement plans3
The small businesses who don’t offer employee retirement plans cite expense, administrative burden, and confusion about how to choose a provider.
Household retirement assets
The median of total household retirement savings among all workers in 2020.4
When Social Security is projected to run out
Social Security is projected to run out of funds in 9 years. At present, the Social Security Trust Fund is funded through 2034.6
Employees interested in a 401(k) plan
94% of employees are interested in a 401(k) plan, second only to health insurance.5
Without retirement savings
About 25% of non-retired adults in the U.S. do not have any retirement savings.7