Attract Top Talent with our Pooled Employer Retirement Plan

SBAM understands what small businesses dislike about 401(k) plans – the cost, the time and really not understanding their fiduciary responsibilities.

Employers from all industries and sizes can band together to participate in the SBAM Pooled Employer Plan instead of sponsoring a traditional 401(k) plan.

Experience the benefit of having our expert partners solve the challenges small businesses like yours face when offering a retirement plan.

Click for a complimentary proposal.

Milan Gandhi, Owner

Med-Share Inc., Southfield

"SBAM's pooled employer plan gives us the flexibility to maintain our current 401k plan offering for our employees while transferring nearly all the compliance work, liability, communication and notice requirements. We can keep our investment advisor relationship intact, but shift all the risk and responsibility over to the PEP professional team. This will help us grow our plan long into the future without worrying about additional overhead and compliance liability"

Sheri Welsh, President & CEO

Welsh & Associates, Kalamazoo

“SBAM’s Pooled Employer 401k plan was the perfect solution for our firm. When I explored the ease of working with them, their top level customer service and strong plan options combined with a significant cost savings – making the switch from our current third party provider was an absolute no-brainer.”

Kevin Mannor, LUTCF, HIC, Owner

Mannor Financial, Saginaw

“I have worked on the employee benefits side of the financial services industry for over 25 years. The The SBAM Pooled Employer Plan is very competitive in my opinion, finally making the 401k option way more affordable for small businesses. Several of my customers are seeing this as a viable option either to add to their employee benefits offerings or change from the current simple IRA plan. I think this is truly a game changer."

Benefits for Your Company

Administration: Most administrative tasks are handled by an independent third party who also acts as fiduciary. You can focus on your business, while they handle tracking, reporting, compliance, testing, and many other day-to-day plan activities.

Cost Savings: By joining the SBAM Pooled Employer Retirement Plan, you benefit from the economies of scale enjoyed by large businesses. Pooling client assets can create cost savings, which are passed on to you and your employees. There is an additional $500 annual credit for three years when a business establishes a retirement plan with automatic enrollment. No initial set up fees.

Tax Advantages: Certain qualified defined contribution plans allow employer contributions to be deducted as a business expense. Start up plans may be eligible for up to $5,000 tax credit to cover the annual administrative fee (for 3 years).