Boost Loyalty with Future-Ready Retirement Benefits

Retirement services help employers offer and manage employee retirement plans such as 401(k), pension plans, IRA plans, profit-sharing plans and simple IRA options. These services support plan sponsors with administration, compliance reporting and recordkeeping while staying aligned with ERISA, IRS and Department of Labor requirements. They give HR leaders the tools to deliver retirement benefits that improve employee engagement and retention.

For HR teams, retirement services also include fiduciary oversight, investment management and access to financial professionals who provide advisory services. Employees gain educational resources, investment advice and flexible options, such as mutual funds, annuities and life insurance to meet their retirement goals. Employers benefit from simplified plan administration, reduced compliance risk and the ability to offer competitive employee benefits that support long-term retention.

A 401(k) retirement plan is an employee benefit that allows workers to contribute a portion of their paycheck to retirement savings on a tax-deferred basis. Contributions are deducted from wages before taxes and employers may choose to add matching contributions. The funds are invested in options such as mutual funds, annuities or other retirement accounts to support long-term retirement goals.

With isolved, employers can choose flexible 401(k) retirement plan options, including access to a Pooled Employer Plan (PEP) that simplifies administration, lowers costs and reduces fiduciary risk. The plans connect directly to payroll within isolved People Cloud™, automating contributions, reporting and compliance requirements. Employers gain built-in fiduciary support, while employees benefit from financial wellness tools, investment options and an easy digital experience that helps them stay engaged with their retirement savings.

The most common types of retirement plans include 401(k) plans, IRA plans, pension plans, profit-sharing plans and defined benefit plans. Many employers also consider simple IRA options, especially for small business needs. Each type of plan has different contribution rules, tax advantages and requirements set by the federal government. These plans are typically offered through providers such as insurance companies or investment firms and must comply with regulations from agencies including FINRA, SIPC, FDIC and gov standards.

Employers select retirement plans based on workforce size, business goals and the level of support they want to provide. Some plans allow for beneficiaries to be designated, while others are designed for long-term financial planning and income security. For HR leaders, understanding the types of retirement plans available helps in aligning employee benefits with organizational strategy while maintaining compliance and competitiveness in the market.