Delaware Retirement Plans

Peppermint® qualifies as a retirement option for Delaware.

Delaware Just Mandated Retirement!

Delaware Just Mandated Retirement!

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?

Simplified and Cost-Effective

Pooled Employer Plans (PEP) enables organizations to join forces with other employers, pooling resources to create a more affordable and streamlined retirement plan. By reducing individual administrative burdens, our PEP makes it easier for businesses to offer valuable retirement benefits to their employees.

We handle the administration.

Peppermint® handles all the administrative tasks, from audits to risk management and compliance reviews, so you can focus on your business without expending valuable resources.

Maximize Your Savings with Tax Credits

Peppermint’s PEP setup could earn you up to $15,000 in tax credits over three years. Plus, enjoy additional tax credits for matching employee contributions, up to $1,000 per participant.

Explore the Benefits of Peppermint’s Pooled Employer Plan Options

All Options Include:

  • Profit sharing options
  • Funds can be 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

Plans
Options

Safe Harbor Option

Employer Match

Employee Investment

Compliance Testing

Optimizes Employee Retirement

QACA
Basic

Safe-Harbor Matching Plan

No Minimum, However, Employer Matching is capped at 3.5%

Pre-tax Contributions, Post-tax (Roth) contributions

We perform the following tests on all PEP plans: NTD, ACT, Contribution Limit Testing and Corrective Testing.

Yes

QACA
Enhanced

Safe Harbor Matching Plan

No Minimum, however, maximum matching is capped at 6%

Pre-tax Contributions, Post-tax (Roth) contributions

We perform the following tests on all PEP plans: NTD, ACT, Contribution Limit Testing and Corrective Testing.

Yes

Minimum
3% Plan

Safe Harbor Non-Elective

Minimum of 3%

Pre-tax Contributions, Post-tax (Roth) contributions

We perform the following tests on all PEP plans: NTD, ACT, Contribution Limit Testing and Corrective Testing.

Yes

Discretionary
Plan

NON-Safe Harbor Option

Employer discretion

Pre-tax Contributions, Post-tax (Roth) contributions

We perform the following tests on all PEP plans: NTD, ACT, Contribution Limit Testing and Corrective Testing.

Yes

Want to get started? Look no further. Our customer success team is at your service.

Contact Support

844-399-8890

info@peppermint401k.com

“Working with Peppermint 401k on our PEP plans has allowed us to offer top-tier benefits without the complexity. Their team’s support, user-friendly platform, and expertise in retirement planning, prioritization of funding and debt resolution, have made a dramatic difference in keeping our employees engaged and financially secure.”
Lucha Oceguera, Genius Avenue
“Working with Peppermint 401k on our PEP plans has allowed us to offer top-tier benefits without the complexity. Their team’s support, user-friendly platform, and expertise in retirement planning, prioritization of funding and debt resolution, have made a dramatic difference in keeping our employees engaged and financially secure.”
Lucha Oceguera, Genius Avenue

Our Clients Say It Best

We make 401k plans simple and affordable, so you can focus on running your business. Here’s how we’re helping teams stay engaged and financially secure.

Less Risk

Than a traditional 401k

$15,000+

In tax credits over 3 years*

*Consult your tax advisor to determine credits.