Meet New Jersey’s retirement plan mandate with an all-in-one 401(k) and live support.1
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businesses2
savers3
plan sponsor satisfaction score4
Fintech 505
The RetireReadyNJ program was established in 2024. It requires New Jersey employers with 25+ employees to offer the state-sponsored plan or a qualified alternative like a Guideline 401(k).6 Compare your options
September 15, 2024
November 15, 2024
Meet the mandate and more with a Guideline 401(k)
Guideline will help you set up a 401(k) and enroll your employees for you. With RetireReadyNJ, you may have to do extra work on behalf of your employees during setup.
We’ll automatically deduct 401(k) contributions each pay run. With RetireReadyNJ, you may need to manually send payroll contributions, maintain employee records, and more.
We have your back — you and your team get access to fast, live support via phone and email. Our annual plan sponsor customer satisfaction score is 93%.4
Get back up to $16,500 in tax credits on your new 401(k).7
Retirement plan type
Starter 401(k)
Roth IRA
Maximum employee contributions for 20248
$6,000
$7,000
Employee asset-based fee
0.15%9
0.75%10
Additional active employee fees
None
None
Monthly employer fee
$39 / month + $4 per participant
None
Investment options
40
19
(Including Target Date Funds)
Professionally managed portfolios
6
0
Exempt from IRS testing
Yes
Yes
Employer match
No
No
Plan sponsor satisfaction score4
93%
Not listed
All of our payroll integrations are direct and custom built — we don’t use 3rd party software to sync data. Data syncs every 24 hours with 99% accuracy.11 See all payroll integrations
Just like with the state offering, you won’t be responsible for investment option choices. We’ll serve as the ERISA 3(38) fiduciary which means we’re responsible for selecting and managing all investment options — our goal is to reduce your liability and provide you with peace of mind. Learn more
Guideline's ease of use makes it the perfect product for our small business.Client of Guideline. Views may not be representative of other clients.
Get a retirement plan you and your team will love
See our Privacy Policy to learn how we use and protect your information.
(888) 228-3491
9am - 7pm ET, Mon - Fri
The RetireReadyNJ was created to encourage more people to save for retirement. It requires New Jersey employers with 25 or more employees to provide access to a retirement plan. The plan can either be a private plan like a 401(k) or the state-sponsored plan.
For companies with 40+ employees, the deadline is September 15, 2024.
For companies with 25-39 employees, the deadline is November 15, 2024.
You are eligible to participate in the RetireReadyNJ Program if:
Yes. All of Guideline's 401(k) plans are designed to satisfy state program requirements and are priced to be affordable for businesses of all sizes.
While it is possible for a plan to convert from a Starter 401(k) to a standard 401(k) plan at Guideline, the transition cannot take place until the beginning of the next calendar year. Learn more here.