401k Retirement Plans for Authorized U-Haul Dealers Available Now!

The Dealer Benefits Program now includes 401k plans specifically designed for Authorized Dealers small businesses by our retirement benefits program affiliate SaveDay.

Let SaveDay  help you simplify getting started with a tax-deferred retirement plan to boost financial security for the business and attract and retain employees.

Learn More:

To get the SaveDay “Small Business Guide to Setting Up a 401k” click here:

Small Business Guide to Setting Up a 401k

Why does your business still not have a retirement plan?

401k plans are the #1 requested employee financial security benefit.

Unfortunately, 90% of small businesses still do not offer their employees a 401k because of the perceived costs and time involved in the set up and administration of traditional retirement plans.

This despite significant new tax credits to help small businesses cover the initial cost of setting up a 401k plan for 3 years!  Contact your tax advisor for details on how your Dealer business can take advantage of these tax credits.

In 2020, a significant new tax credit was provided to incentivize small businesses to start 401K plans for employees under the Secure Act 2.0. IRS Form 8881 is used by small businesses to claim tax credits related to the cost of starting a new retirement plan or including an auto-enrollment option in the plan. To be eligible for the tax credit, a business must have no more than 100 employees who were paid at least $5,000 in the year before setting up the plan. Small employers (eligible employers with 1–50 employees) are eligible for a credit of 100% of qualified startup costs of a new 401k plan.  Consult your tax advisor for details.

Our Benefits Program 401k plans are designed by SaveDay so Dealer businesses have no hidden fees, low-cost set-up and fully-supported plan administration, reporting and compliance.

(Sources:  2022 Secure Act 2.0, U.S. Census Bureau 2016)

A state mandate requiring you to start up a retirement plan may be in the near future for your business.

More states and some cities* are now mandating small businesses to offer retirement plans to their employees or face penalties for non-compliance.

Instead of a government one-size-fits-all plan, get a private and flexible 401k plan solution designed for Dealer small businesses.  Dealer businesses get:

• Easy 401k plan start-up and employee on-boarding, supported by professional SaveDay 401k staff.
• Access to retirement planning resources and low-cost portfolio of exchange-traded fund (ETF) options.
• Retirement investment platform designed by SaveDay for small businesses that’s easy for workers to use and personalized.
• Access to significant new tax credits to help cover the cost of setting up a new 401k plan.

* 14 states and 2 cities have already enacted state-mandated retirement plan legislation and over 30 states have retirement plan mandates on small businesses under consideration in response to Congress’s passing of Secure 2.0 in December 2022.  Source:  DCP360, Inc.

Consult your tax advisor for details.

Major data security breaches regularly top news headlines these days, so Dealer Benefits and our retirement plan affiliate SaveDay is proud to share that SaveDay is SOC 2 compliant.  Not only because complying with recognized information security practices makes good business sense but also because we expect it from our financial services providers.

SOC 2 is a compliance framework widely used in North America to evaluate and validate an organization’s information security practices.  Obtaining SOC 2 certification is a complex and lengthy process undertaken by SaveDay for the safety of clients and their business employees, including Authorized U-Haul Dealerships.