SLICE offers a simplified and cost-effective retirement plan solution that helps employers reduce fiduciary liability, minimize administrative tasks, and manage plan expenses. Designed exclusively for SLICE members, the program provides comprehensive sponsor services, streamlined participant communication, and a range of flexible investment options – all at a competitive price.

SLICE provides employers with a comprehensive suite of services designed to streamline plan administration, minimize fiduciary liability, and help employees achieve their long-term goals. This solution encompasses a range of key services, including:

• 3(38) Investment Management and Fiduciary Services provided by IMA Retirement
• Annual committee meetings facilitated by IMA Retirement
• 3(16) Plan Administrator Fiduciary services provided by ERP
• Plan Recordkeeping Services provided by T. Rowe Price
• Integrated participant communications and group education provided by T. Rowe Price
• Dedicated support of a T. Rowe Price Relationship Manager
• Optional 360 Payroll Integration services

No, SLICE is not a Pooled Employer Plan (PEP) or Multiple Employer Plan (MEP). Unlike a PEP or MEP, SLICE is designed as a single plan specifically for your business, allowing you the maximum flexibility and control.

SLICE gives your business access to a diverse range of investment choices, including low-cost index funds, actively managed mutual funds, target date funds, and even low-cost collective investment trusts (CITs) that are normally only available to much larger plans.

Starting a retirement plan for employees comes with significant tax advantages for small businesses.

1. Startup Credit: According to the IRS, eligible employers may be able to claim a tax credit up to $5,000 per year for three years to cover the costs of starting a qualified retirement plan.
2. Deductible Contributions: Employers can deduct the matching contributions they make to their employees’ SLICE 401(k) plans up to a maximum limit on their corporate tax returns.
3. Employee Tax Advantages: Employees enjoy tax-deferred growth on their SLICE 401(k) contributions.

Offering a retirement plan is crucial for any business wanting to attract and retain top talent. But traditional 401(k)s can be complex and expensive for employers. SLICE offers a retirement solution that makes it easy for you to offer a valuable benefit to your employees while helping your business thrive.

Here’s how SLICE benefits your business:

1. Attracts and Retain Top Talent: A robust retirement plan can be a major influencer with job seekers who are weighing different job offers. In addition to competitive salaries and health benefits, many prospective employees will evaluate the commitment to their retirement readiness.
2. Tax Advantages: Businesses that sponsor a 401(k) are potentially eligible for tax credits to cover startup and administrative costs during the first three years of the plan. Additional tax deductions may be available if the employer provides a matching contribution to the plan.
3. Increased Employee Productivity through Financial Wellness: A retirement savings plan is one of the cornerstones of financial wellness. Financially secure employees are less stressed and more focused, leading to better performance and overall business success.

Here’s how SLICE benefits your employees:

1. Simplified Savings: Employees can choose from a broad range of investment options with ease, while building lasting financial security.
2. Flexibility: Employees can adjust their contributions and investment choices anytime, empowering them to take control of their financial future.
3. Peace of Mind: Employees will know they have a solid retirement plan in place, reducing stress and allowing them to focus on their work.