USIP ACCOUNTING / Business Tax
Employer 401(k) & retirement plans
Employer 401(k) planning and implementation, Self-Directed Solo 401(k) setup and cash balance plan coordination.
01 / WHO IT IS FOR
Who this is for
Employers who want more owner retirement savings with controlled employee cost; California employers deciding between their own plan and CalSavers; owner-only businesses (and working spouses) interested in a self-directed Solo 401(k).
02 / WHAT’S INCLUDED
What’s included
- Preliminary employee eligibility and coverage (age, service, hours, hire date).
- Owner savings capacity: ages, W-2 pay, profit and other plans.
- Employee cost estimates separating voluntary deferrals from employer contributions.
- Tax impact and compliance risks: missed enrollment, nondiscrimination testing and contribution timing.
- Implementation recommendations with a 3- and 5-year view, sequencing and exit options, plus a results walkthrough.
- Self-directed Solo 401(k) setup; coordinating responsibilities with the platform, TPA and actuary.
03 / PROCESS
How it works
- 01
Needs questionnaire
Complete the 401(k) needs questionnaire.
- 02
Provide data
Company, owner, employee census and payroll data.
- 03
Planning analysis
Model savings capacity, employee cost and tax impact.
- 04
Walkthrough
Walk through conclusions and recommendations.
- 05
Implementation
Coordinate setup with the chosen platform/TPA and payroll.
04 / DOCUMENT CHECKLIST
What to prepare
- Entity type, year formed, main state and projected profit
- Owner birth years, ownership and expected W-2 pay (each spouse if both work)
- Employee census: ID, age, hire date, annual pay, hours/full- or part-time, status
- Latest payroll summary; prior-year W-2 summary
- Existing plans, including plans the owner joins through other businesses
- Solo 401(k): legal name, EIN, address, entity type; participant names/SSNs; proposed plan name and effective date; rollover details; expected earned income; confirmation of no other full-time employees
Prepare only what applies to you. Share SSNs, IDs and bank details through the agreed secure method, not in a first email.
FAQ
Frequently asked questions
If employees are eligible, must the company contribute?
Not necessarily. Deferrals, employer contributions and minimum cost depend on plan design and the rules.
Must California employers offer a retirement plan?
California employers with employees generally must offer a qualified plan or register for CalSavers; we can help you compare.
Who is a Solo 401(k) for?
Owner-only businesses (plus a working spouse) with no other full-time employees.
Scope notes
Platforms or custodians handle accounts and custody; TPAs handle plan documents and compliance; actuaries handle cash balance calculations. The firm does not hold funds or give investment advice, and outcomes are not guaranteed.
Website content is general educational information, not tax, legal or investment advice for your situation.
LET’S TALK / USIP ACCOUNTING
Let’s make your
next step clearer.
Tell us what you need help with. We’ll discuss your needs before confirming a service plan.
City of Industry, CA 91748
Please do not attach sensitive personal or financial information to an initial email.
General educational information only; not tax, legal or investment advice. Service scope and engagement arrangements are confirmed directly with the firm. Information on this website does not replace advice tailored to your circumstances.