Small business retirement plans
On-demand 401(k) solution for growing organizations
On-demand 401(k) solution for growing organizations
See how Empower Ready Select™ can help save you time and deliver overall value.
Designed to help you deliver small plan solutions with confidence
Simplified solutions built to support plan growth
- Potential startup tax credits
- Morningstar 3(38) fiduciary coverage
- One investment lineup with choice of target date funds
- Virtual participant enrollment meeting
- Plan administration by a third-party administrator (TPA)
A great value built for small businesses
Annual pricing that fits into your growth plans:
- Clear fee structure
- Competitive and scaled for your businesses
A practical fit for state-mandated plans
A 401(k) that supports your state-mandated requirements with:
- Modern plan administration
- A participant experience designed to drive engagement
- A streamlined platform that makes it easy to manage and quick to implement
The entire sales process was smooth and fast, giving me a great option for the new state-mandated plans.
Financial Advisor, Northeast2
See how Ready Select compares
Empower Ready Select offers a packaged plan design with simplified options to get your plan up and running quickly and efficiently.
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Empower Ready Select
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Plan assets |
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Plan type |
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Plan design |
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Implementation timing |
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Compliance services Third-party administrator (TPA) only; choose from available partners |
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Investment options |
Straightforward pricing to help plans move forward
Pricing transparency designed to reduce friction and move proposals to approval more efficiently.
| Competitive pricing | |
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| Paid by the employer | Paid by the employee |
| $1,000 annual plan fee | 0.25% annual fee on account balance* |
| $25 annual participant fee | |
| * Additional TPA fees will apply for plan design and compliance services. | |
Take the guesswork out of proposals
See how Ready Select proposals can be delivered instantly with clarity and efficiency using the Empower Proposal System.
Everything your business needs, at your fingertips
Need a PartnerLink® account?
Timely retirement insights, an on-demand webcast library, and everything you need to request a proposal.
Support your business growth with our advisor toolkit
Valuable resources and content to help expand your retirement plan opportunities.
Prospecting and proposals
Tools designed to support efficient prospecting and proposal delivery.
FAQ
FAQ
Ready Select is a simple, packaged retirement offer designed for start-ups and transfer plans with up to $1M in assets. The offer provides efficiency through an end-to-end, digital-first experience from sales through implementation.
Yes, the Empower Proposal System allows you to generate a proposal with a simple, digital platform. However, if you choose otherwise, you may generate a proposal by calling our Retirement Sales Desk at 877-630-4015.
All requests submitted through email, phone, or the Empower Proposal System (EPS) will appear on the dashboard for advisors. Third-party administrators (TPAs) will see only the proposals they’ve submitted. Empower Ready Select proposals are available for download upon generation in the EPS. Additionally, they will be available on the dashboard to retrieve at a later date.
Yes, a firm-level view of the dashboard is available. This allows a user to view and access all of their firm’s proposals with Empower. Contact your Empower representative to request this access for specific contacts at your firm.
The system will automatically route each request to the appropriate Empower sales team based on your territory. Clicking on an opportunity from the dashboard will display the contact information of the Empower sales team assigned to that opportunity.
If anything changes after you generate a proposal, you will need to create another proposal.
