OnPay

Offer employees a low-cost 401(k) — without lifting a finger

We’ve partnered with a great provider to sync your plan with OnPay.

Vestwell helps small businesses deliver high-quality, affordable 401(k) plans that meet their needs now and as they grow.

OnPay sync — Two way

  • All transactions are processed automatically
  • Changes made in OnPay or Vestwell show up in both platforms automatically

Investment options

  • Flexible investments and plan design

Costs to employer*

  • Standard all-in pricing is just $125/month + $10/month per participating employee
  • Tax credits can almost fully offset the costs!

Costs to employees*

  • $10/month for standard, all in pricing
  • Can be paid by the company or employee

* For a full list of services, pricing and fees, please visit Vestwell.

Three big reasons to offer a 401(k)

  • Get a competitive advantage
    Only about half of all small businesses offer a retirement plan. When employees are offered a plan, they’re a third less likely to look for a new job, studies show.
  • Save on taxes
    401(k) plan participation reduces employee’s taxable wages, which means you pay less in payroll taxes. You can also receive up to $500 a year in tax credits.
  • Build a better nest egg
    With profit sharing and matching contributions, business owners can set aside over $50,000 a year in tax-deferred retirement savings.

GET A PLAN

How it all works

Offering a plan through OnPay is easy and affordable.

1. Choose the 401(k) partner above

They’ll explain everything and set up your plan.

2. Run payroll

Your provider will administer your plan, and we’ll handle the 401(k) deductions when you run payroll.

3. That’s it!

You and your team can look forward to a brighter retirement.