Small business retirement plans made

Help your employees prepare for the future, and find a solution that fits your business.

Help your employees prepare for the future, and find a solution that fits your business.

Piggy Bank IconPiggy bank icon: Learn about the basics of retirement plans.
Learn the basics of retirement plans.
Magnifying glass iconMagnifying glass icon: Compare retirement savings options.
Compare retirement savings options.
Man at computer iconMan at computer icon: Find out if a 401(k) plan fits your needs
Find out if this 401(k) plan fits your needs.

Are your employees saving enough for retirement?

Making ends meet and saving for retirement at the same time can be a challenge for today’s employees. Many don’t have a plan or haven’t saved even a fraction of what they would need to retire comfortably. We’re aiming to fix that.

As a business owner, you can help start your employees on a path to a better future. A Simply Retirement by Principal® 401(k) plan is an easy way for them to save money now with the potential to have it grow over the years so they can enjoy retirement.

Why choose us

What Simply Retirement by Principal® can do for you.

Setting up a workplace retirement plan isn’t something you do every day. We get it. Maybe you aren’t even sure where to start. Simply Retirement by Principal® makes it easy to learn more about retirement plans and what’s involved. And when you’re ready, you can use our planner to see what a plan might look like for your business and estimate costs.

Start a plan, get up to $5,000/year in tax credits

Take advantage of SECURE Act tax credits to help offset your first three years of plan startup costs.*The benefits of the SECURE Act.

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Simple Selections

Set up your plan 100% online, where and when it’s convenient for you—or call if you have questions. We’ve streamlined the investment selection and simplified the paperwork too.

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Simple Pricing

The low, flat-fee recordkeeping pricing makes a 401(k) plan affordable for small businesses. And recordkeeping is the same price for all who sign up.

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Simple Onboarding

After you purchase your plan, you’ll enroll your employees through the Ubiquity Retirement + Savings® platform—used by thousands of small businesses across the U.S.

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Simple Administration

Ubiquity’s user-friendly dashboard will help you manage your plan and save time with features like automated notifications and payroll integration.

Start a plan, get up to $5,000/year in tax credits

Take advantage of SECURE Act tax credits to help offset your first three years of plan *The benefits of the SECURE Act.

Simply Retirement by Principal® costs

Up front

$500

One-time setup fee

Every month

$150+
$6for every
participant
*

Recordkeeping fee will be billed to business owners quarterly ($450 plus per-participant fees). Custodial fees, investment fees and financial professional fees (if applicable) are additional.


Cost savings with flat-fee 401(k) plan pricing

Other 401(k) plans may increase recordkeeping fees to business owners as the total account balances increase. Not with the Simply Retirement by Principal® 401(k) plan. No guessing and no changes as your employees contribute. It’s a predictable model you can plan for.

What would a plan for my company look like?

Backed by experience

Simply Retirement by Principal® combines 75-plus years of retirement expertise from ®* with the digital technology and services of Ubiquity Retirement + Savings®. We’ve come together to help make retirement plans a reality for more small businesses.

Learn more about our collaboration.
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Ready to explore a 401(k) plan for your business?

Here are the next steps we would take together:

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Answer a few questions to see if this solution fits your needs.

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You can share your plan proposal with your team.

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Complete your plan purchase and get your login.

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Enroll employees and start saving.

Still have questions?
We have answers.

What are the tax benefits for starting a new 401(k) plan?

New SECURE Act legislation offers small business owners tax credits for a portion of the cost of starting a new retirement plan. Find out what this could mean for you.

Benefits of the SECURE Act

What is a 401(k) plan, and how does it compare?

401(k) plans allow employees to set aside a portion of their pay, typically before taxes. Employers can make contributions to the employees’ retirement plan if they choose.

401(k) plan details

What’s involved in managing a 401(k) plan?

The program automates many of the tasks required, but you’ll still have a few basic responsibilities as the plan administrator. Here’s what you need to know.

Retirement plan basics

Intended for plan sponsor use.

*Startup costs:50% of the qualified startup costs paid or incurred, but limited to the greater of (1) $500 or (2) the lesser of (a) $250 for each non-highly compensated employee who is eligible to participate in the plan or (b) $5,000. Qualified startup costs (1) In general “qualified startup costs” is ordinary and necessary expenses of an eligible employer which are paid or incurred in connection with -- (i) the establishment or administration of an eligible employer plan, or (ii) the retirement-related education of employees with respect to such plan. (2) Plan must have at least 1 participant: would not apply if plan does not have at least 1 employee eligible to participate who is not a highly compensated employee. Information about the SECURE Act is educational only and provided with the understanding that Principal® is not rendering legal, accounting, investment advice or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, investment or accounting obligations and requirements.

*Recordkeeping-fee:Fees paid by the business owner are billed quarterly. Fees paid by participants are deducted monthly from participant accounts. Participant fees are charged if there is a $100 account balance, regardless of whether the participant is active or inactive. Custodial and investment fees are charged against participating employees’ accounts (those vary by investment and range from 0.10% - 0.80%, as of May 1, 2020). If the business owner chooses to work with a financial professional, their fee is also additional and may be billed to the business owner or deducted from participant accounts.

*What’s included: Plan costs are billed quarterly. Custodial and investment fees are charged against participating employees’ accounts (those vary by investment and range from 0.10% - 0.80%, as of May 1, 2020). Should you choose to work with a financial professional, their fee is also additional.

*Principal: As of Dec. 31, 2019.

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