Retirement plans for small businesses
Thinking about starting a retirement plan for your small business? Whether you already offer one or are considering it, we’ll help you understand different types of plans, the Employee Retirement Income Security Act (ERISA) of 1974, your fiduciary responsibilities, how SECURE 2.0 can help you, and more to help you take your next step.
Thought leadership for starting a retirement plan
We regularly publish new content to help plan sponsors, financial professionals, and investors access the information they need. Covering topics such as plan design, ERISA, retirement legislation, investments, and investor education, our viewpoints library is an informational and insightful resource for all to bookmark.Read more of our viewpoints
Six myths about retirement plans for small businesses—debunked! What's a defined contribution plan and how to choose one What's a safe harbor 401(k) plan? What you need to know about new comparability plans Differences among single, pooled, and multiple employer retirement plans What is ERISA? Who's an ERISA fiduciary? The basic duties of an ERISA retirement plan fiduciary
Introduction to retirement plans
Steps to setting up your small business 401(k) Three steps to help you create a competitive retirement plan 401(k) plan design: deciding who's eligible What's the value of working with a 3(38) investment manager? What does a retirement plan committee do? Limiting 401(k) plan fiduciary liability: investment safe harbors What's IRS Form 5500? 401(k) communications: a fiduciary duty
Starting your small business retirement plan
14 answers you should know about 401(k) eligibility and vesting What's your ERISA duty with qualified retirement plan documents? Cybersecurity guidance from the DOL for retirement plan fiduciaries Managing 401(k) fiduciary risk: plan sponsor best practices What's a 401(k) employee census for? The basics of the 401(k) coverage test 401(k) nondiscrimination testing—a guide for plan sponsors and other fiduciaries A guide to 408(b)(2) fee disclosures for retirement plan sponsors
More advanced retirement plan topics
Retirement plan fiduciary resources
Retirement plan sponsors are plan fiduciaries under ERISA and held to ERISA’s standard of conduct. We provide an extensive collection of fiduciary resources to help you learn—and uphold—your responsibilities.Get to know your fiduciary duties
Understanding city- and state-sponsored retirement programs
Many states offer state-sponsored retirement programs to help provide greater access to tax-advantaged retirement accounts. Learn more about your state-facilitated retirement program to help your customized small business retirement plan stand out for your employees.Learn more about state retirement programs
This content is not intended to be an exhaustive review of fiduciary duties under ERISA. The objective is to highlight the key responsibilities of a plan fiduciary and present the challenges that plan fiduciaries may face in discharging their duties. John Hancock is not in a position to provide legal advice concerning your plan or your role as plan fiduciary, and the information included should not be taken as such. If legal advice or other expert assistance is required, please consult your legal counsel.
John Hancock Investment Management Distributors LLC is the principal underwriter and wholesale distribution broker-dealer for the John Hancock mutual funds, member FINRA, SIPC.
John Hancock Retirement Plan Services LLC offers administrative and/or recordkeeping services to sponsors and administrators of retirement plans. John Hancock Trust Company LLC provides trust and custodial services to such plans. Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in NY), and John Hancock Life Insurance Company of New York, Valhalla, NY. Product features and availability may differ by state. Securities are offered through John Hancock Distributors LLC, member FINRA, SIPC.
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