Many small business owners fear that they can’t afford to offer their employees a 401(k) plan. Owners may also worry that they don’t have enough employees to qualify for the plan or that they will have to offer matching contributions. However, a recent article in Forbes.com puts these fears to rest by clearly up those common misconceptions and touting the benefits of 401(k) plans for small businesses, including:

•    Tax credits make it easy to get started
•    A tax shelter of $15,500, plus any matching
•    Self-employed workers can shelter up to $46,000 annually
•    Profit-sharing that provides flexibility
•    New Roth 401(k) feature that allows for after-tax contributions

NADART offers 401(k) plans specifically for small businesses, as well as features such as the Roth 401(k), profit-sharing and automatic enrollment. If you are interested in learning more about how NADART can help your small business, contact a NADART representative at (800) 462-3278, ext. 7161 or e-mail nadart401k@nada.org.