Delaware Retirement Plans
Peppermint401k qualifies as an Delaware state retirement option.
Delaware Mandated Retirement Savings Plans
As of October 15, 2024 any business with five or more employees who have been paid more than $5,000 in the calendar year is required to have employer-sponsored retirement benefits.
In Delaware, nearly 150,000 workers lack access to retirement savings through their workplace. Peppermint401k is bridging this gap by providing accessible retirement savings solutions.
What is a Pooled Employer Plan?
A PEP allows organizations to pool resources with other employers to make retirement plans less expensive and easier to manage.
Peppermint manages all the administration, so you don’t have to expend your valuable resources. We also take care of the risk, audits, and reviews.
Bonus: Setting up a PEP may give you up to $15,000 in tax credits over 3 years.
Bonus: Employers receive additional tax credits for contributions matches up to $1,000 per participant.
Learn more about our Pooled Employer Plan
All Options Include:
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- Profit sharing options
- Funds are invested in retirement plans before being taxed
- Ability to transfer funds from prior retirement accounts
- Flexible eligibility for enrollment
- Automatic enrollment options
- Access to borrow from retirement accounts
- Ability to withdraw funds in an emergency
- All options reduce an employer’s taxable income