The Quick Guide to 401(k) for Small Business Owners

Set Your Employees Up for Retirement with a 401(k) Plan

Offering 401(k) plan to your employees isn't just a nice perk—it's essential for attracting the high caliber talent that keeps your business competitive. Download the Quick Guide to 401(k) for Small Business Owners by filling out the form below.


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How can I offer 401(k) to my employees as a small business?

It’s no surprise that more and more small businesses are offering their employees retirement savings plans. After all, four in five employees say they prefer benefits and perks to a pay raise—and a 401(k) is at the top of the list of requested benefits.

The trouble is, retirement savings plans can be tricky to understand, especially if it’s new to a small business owner. To help mitigate the confusion, we’ve created a Quick Guide to 401(k) for Small Business Owners. The guide is broken down into three distinct sections

    1. A 401(k) FAQ
    2. A Contribution and Participant Requirements section
    3. And a checklist for selecting your 401(k) plan.

We’re certain this free tool will serve as a helpful resource for setting up a 401k for small businesses.

401(k) for Small Business Owners FAQ

The FAQ section of our guide to 401(k) for small business owners is compiled of eight questions—the first and most important being: What is a 401(k)?

While you need to download the guide for the answers to each of the questions, we’re going to go ahead and give you the answer to the first. We recommend every business owner have a firm basic understanding of 401(k) plans before the search begins in earnest.

A 401(k) is a company-sponsored retirement savings plan reserved for pre-tax dollars contributed by employee and/ or employer. Employers regularly participate in programs as employee contribution matching is considered a tax deduction for the business.

The other seven questions and answers were crafted with consideration of our past experiences helping small business owners set up plan options for their employees. Of course, if there is a question that hasn’t been asked and answered, a VensureHR 401(k) specialist will be happy to help.

Contribution and Participant Requirements

If you’ve been wondering, “Is there more than one type of 401(k) plan to choose from?” The answer is: Yes. The four main plans that we’ve included in our guide are:

    1. Traditional 401(k)
    2. Roth 401(k)
    3. SIMPLE 401(k)
    4. Safe Harbor.

While each of these ultimately serve the same purpose, they are all very different in structure. In this section we lay out if each is contributed pre-tax dollars or after-tax dollars, how it affects your taxes, and how much you’re able to contribute, among other things.

The Checklist

The final page of our guide to 401(k) for small business owners is a checklist that maps out each step in the selection process that we believe is of the utmost importance during your search. The list has nine different “checkpoints” for you to use as a resource, assuring that you’re selecting and providing the appropriate plans for your employees.

The checklist includes everything from actually determining the type of 401(k) plan best suits your business to choosing a vendor to set-up, and administer the benefits. Being that this may be your first time setting your company up with 401(k) plans, we highly recommend using this checklist—things can get tricky.

What if things do get tricky?

We packed our guide with loads of information that can be of great use to you and your business. However, we know that this is a long and confusing process, and you may have more questions than what’s already being provided.

Fortunately for you, VensureHR recognizes that you aren’t a savant when it comes to 401(k), so we make ourselves available to you whenever we’re needed. As leaders in the PEO industry, we are experts when it comes to 401(k)—we even provide all of our clients with a multiple employer 401(k) plan through a strategic partnership with Slavic 401k. The savings plans allow employees to save for retirement while reducing their current taxable income.

We know all that’s needed to know about 401(k) and we can’t wait to help you provide your employees with the benefits they want and need.


Download the Quick Guide to 401(k) for Small Business Owners

Choosing The Best HR Service Provider Checklist

Your search for the best HR service provider starts here.

Choosing the right HR service provider for your business doesn't have to be all guesswork. Download the checklist by filling out the form below.


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Aren't HR Companies All The Same?

Choosing the best HR service provider can prove to be a difficult task. Some people may think, “What’s the big deal? They all do the same thing, right?”.

Well, not quite.

All PEOs offer different services in different ways. Many PEOs even offer HR services that others do not. Because of the varying levels of services that are offered, choosing the best HR service provider is a task that needs to be approached carefully and armed with the tools necessary to make the right decision. We understand that choosing the best HR service provider for your business isn’t just time consuming: it’s a matter of utmost importance. After all, you’re paying good money and entrusting them with the wellbeing and management of your employees—you want to be certain you’re choosing the best HR service provider out there. That’s why we’ve created a quick checklist to help support you in the decisionmaking process.

What the Checklist Includes

Our checklist for choosing the best HR service provider is broken into four main categories:

      1. Human Resources
      2. Benefits
      3. Payroll
      4. Business Compliance

Within each category, we’ve provided features that you can mark as “must have” or “nice to have”, depending on your business’s unique needs. Ultimately, the best HR service provider for your business should offer a balance of what support you need right now, where you’d like to grow in the future as a company, and what you can realistically afford.

It’s important to keep in mind that you don’t always need everything— you only need what’s going to help your business thrive. In some cases, additional services can be costly and unnecessary. For example, you may need help with HR, payroll, and benefits admin, but not help with talent management or recruiting if you already have an in-house recruiter on staff.

Choosing the Best HR Service Provider FAQs

The checklist we’ve created is a fantastic free tool for you to use as you shop around for the top HR service providers in your price range, but we know there are a lot of questions that still need to be answered when it comes to choosing the best one.

To supplement the checklist, we’ve also provided answers to six of the most frequently asked questions (FAQs) from business owners that are considering working with a PEO. The questions range from “Does this solution fit my budget?” to “How does a PEO differ from a standard HR provider?”—and everything in between.

Read the FAQs here.

There’s a lot to process here, and it’s perfectly okay to have even more questions about choosing the best HR service provider for your company. As experts in the PEO industry, we’re always here as a resource to help answer any difficult questions you might have along the way. Feel free to reach out to us directly or schedule an HR Diagnostic to get all of your questions answered by an expert.

How Else Can VensureHR Help Your Business?

When it comes to choosing the right HR service provider, it’s hard to just compare numbers on a page. Every business is different, and sometimes you need to ask complex questions that a search engine just can’t answer—that’s why we recommend setting up a free HR Diagnostic with one of our HR experts.

This comprehensive assessment gives you the opportunity to ask us those tough questions, identify specific pain points for your company, and get a sense of where you’ll need an HR provider to help out. After the diagnostic, you’ll also receive an overview of some HR solutions tailored to your business to take home or even use as a reference as you shop around.

During your search, keep in mind that your business is unique, and it needs to be treated as such. The company you choose to work with shouldn’t take a cookie cutter approach to serving your business. A good HR provider should cater to your needs, and not the other way around. So, you need to ask, “Would I work with a PEO that uses a one-size-fits-all approach?”

The answer is – you wouldn’t.

That’s why we like to hang our hat on our diagnostic approach to HR. Not only does it allow us to discuss and identify your specific HR needs, but it also allows you to think critically about what matters most in terms of supporting employees and the value that a proactive, responsive partnership brings to the table.

Choosing the best HR service provider for your business can be an arduous process, but armed with this checklist you’ll be ready to make the right decision for your business. If you have any questions, remember that we’re happy to help at any stage of your decision-making process.


Download the Checklist Now.

Remote Employee Burnout Checkup Builder

Hi! Welcome to the Remote Employee Burnout Survey Builder

How are your remote employees doing?

Sometimes it can be a challenge to tell if employees are burning out, especially if they are remote. Solve issues before they happen by asking them anonymously with this Remote Employee Burnout Survey Builder.

After filling out the form below, you will be provided a custom link to share with your staff. After each staff member completes the checkup, their results will be sent anonymously to the contact info you provide here.


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By submitting this form, you accept VensureHR’s Privacy Policy. We do not share or sell personal information collected on the site with any third parties for their own marketing purposes.

Remote employee burnout is real. Can you see the signs?

Assuring your employees working remotely aren’t burnt out is essential to the smooth operation of your business. However, this is easier said than done spotting employee burnout signs can prove to be a difficult task.
In an effort to make this task a bit easier for you, we created a free remote employee burnout checkup builder for you to use as a tool to help pinpoint your employees’ burnout signs.
But, before we get into finding the burnout signs, it may help to define burnout and explain what it doesn’t look like. Firstly, the World Health Organization (WHO) included burnout in its 11th Revision of the International Classification of Diseases (ICD11) as an occupational phenomenon. According to the WHO, burnout is a syndrome conceptualized as resulting from chronic workplace stress that has not been successfully managed.
If your employees are showing up to work energetic and ready to take on the day, more times than not, they are not exhibiting burnout signs. So, now that we know what burnout is and what it isn’t, how do we recognize what the signs are?
It goes without saying that all you employees are different… they all respond to stress differently and they all handle stress differently. Because of this, you need to assess each employee, whether it be facetoface or anonymously.
One of the easiest ways to do this is by simply asking.
Our checkup builder is loaded with questions for you to ask your employees about what could be troubling them. With 15 questions in total, you can have your employees anonymously complete the questionnaire by answering one of the following for each question:
1. Not at All
2. Rarely
3. Sometimes
4. Often
5. Very Often
After answering all of the questions and receiving a score, each employee will be placed into one of five categories that explain just how burnt out they are.
Now you may be thinking, “If this checkup is anonymous, how can I spot my employees’ burnout signs?”. The great part about this checkup is that while each employee answers the same question, oftentimes having very different responses, it gives you a great overview of how burnt out your entire workforce is.
It would be nearly impossible to cater to each burnout sign portrayed by each employee. A study conducted by Gallup of approximately 7,500 fulltime employees concluded found that 23% of employees reported feeling burned out at work very often or always, while an additional 44% reported feeling burned out sometimes.
Combined, that’s 67% of employees reporting different levels of burnout. If you want to help your employees with their feelings of burnout, consider looking at the signs that are affecting your general workforce.

I can spot the signs of employee burnout. What now?

When you get to the point of identifying the prominent burnout signs in your workforce, you’ll be able to accurately determine what changes need to be made and how. These changes don’t need to be drastic—some can be rather simple.
For example, showing more appreciation can go a long way. You can even conduct more frequent employee reviews to help spot burnout signs moving forward.
Employee burnout is not a oneanddone situation. With varying levels of workloads and stress, your employees can become burnt out at any time—and it’s important to stay on top of it.
We’ve helped countless businesses with all of their HR needs this includes identifying burnout signs, conducting employee reviews, and providing resources to help when immediate assistance is needed. You’ll find that our free remote employee burnout checkup builder will be a great asset for your business, just like it has been for many others.