401(k)s that build
wealth for nonprofits
- Subscription-based pricing
- Just $125/mo + $8 per employee, no other fees
- Automated onboarding and hands-free admin
- Easy to manage with 150+ payroll integrations
- An employee benefit that attracts and retains
- Invest in well-known Vanguard funds
- We handle the details
We take care of everything from compliance to annual reporting to the IRS so you can focus on running your organization.
Nonprofit organizations can receive up to $875 off their plan by clicking below to book a call now.
See how you can setup a 401(k) in just 4 simple steps
Get started today
We believe building wealth
for retirement should be easy
and accessible. For everyone.
That’s why we've streamlined everything about 401(k) plans to make them simple, affordable, and easy to manage for nonprofits of any size.
Simple & transparent pricing
- Flat-fee subscription plan
- $8/participating employee per month
- No asset based and transactions fees
Create your plan in just 15 minutes
- Tell us about your organization
- Select eligibility requirements
- See your detailed plan
We handle the details
Penelope takes care of compliance testing, annual reporting to the IRS, and serves as your digital recordkeeper.
Take advantage of Secure Act 2.0
There’s never been a better time to start a 401(k) Plan
If you’re starting a new 401(k) plan your organization may be eligible to receive up to $16,500 in tax credits over the plan’s first three years to help offset initial plan costs.
Stand out from the crowd
Attract and retain the best employees with a retirement plan
The cost of losing and retraining an employee can add up. 92% of workers say that retirement plans, along with healthcare, are a key reason for staying. Bolster your benefits with a cost-effective and straightforward plan.
Start saving now with $875 off!
For a limited time, we’re waiving our first-time set-up fee and our monthly subscription cost for 3 months.
Monthly employee fees
$8
Subscription fee (waived monthly for 3 months)
$125
One-time setup fee
$500
=
$8
per active employee per month for the first three months
Hear from business owners like you
CEO
Sherrell Dorsey
Publisher and CEO, The Plug
“Penelope means I can build a strong company culture at the start.”
President
Dave Schremser
Co-Founder & President, Cocentric
“Providing 401(k) access to our team was a key component of our launch strategy”
Save up to $875 right now.