Retirement plan credits
401(k) Plan Startup Tax Credit
Explore retirement plan startup, employer contribution and automatic-enrollment credit opportunities with Trak Services.
Request a credit assessmentUnderstand the opportunity
A closer look at the credit
Starting a retirement plan is an investment in your people. Eligible small employers may be able to offset qualifying setup, administration and employee-education costs. Trak helps assess potential credits with your CPA or financial advisor.
Plan startup costs
Review qualifying setup, administration and employee-education expenses, along with employee counts and prior-plan restrictions.
Employer contributions
A separate credit may apply to qualifying employer contributions. Workforce size, compensation and the plan year affect the calculation.
Automatic enrollment
A qualifying automatic-enrollment feature may create a separate credit opportunity for a new or existing eligible plan.
Specialists + technology
Start with your business, not an assumption.
Trak reviews potential opportunities, helps organize supporting records and coordinates next steps with your tax advisor.
Records to discuss
- Plan start date and prior retirement plan history
- Employee counts and compensation information
- Startup expenses and employer contribution records
Eligibility, availability and credit amounts depend on your circumstances and the applicable tax year. This information is not tax advice and does not guarantee a credit.