Whether you’d like to retain your talented employees, become a competitive employer, or simply satisfy state mandates, we’ll help you choose the best retirement solution for your team. 

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MarylandSaves can be a helpful starting point for many businesses, but it’s not the only path.

Working with a financial advisor who specializes in retirement planning can help you understand how a 401(k) compares to an IRA, the costs, and what fits your long-term goals.

401(k) Plans

Customizable solutions designed to support long-term employee savings.

• Optional employer match

• Higher contribution limits

• Access to federal small-business tax credits

MarylandSaves

A solution for basic retirement savings needs.

• No employer contribution option

• Lower annual savings limits

• Limited investment flexibility

Why work with a local advisor?

At Monocacy Wealth, we offer:

• Personalized plan design based on your business structure, budget, and goals

• Clear cost comparisons, including available tax credits under the SECURE Act

• Ongoing support so your plan stays compliant and aligned with your needs

• Participant education to ensure your employees get the most out of their benefits

Explore your retirement plan options with an expert

Many small business owners are surprised to learn how affordable a 401(k) can be, especially with available tax incentives.

FAQ SECTION

Is MarylandSaves required?

Maryland businesses must offer a retirement savings option, either MarylandSaves or another plan such as a 401(k).

Are 401(k)s expensive for small businesses?

Often, no. SECURE Act tax credits may cover setup and administrative costs for eligible businesses during the first three years.

Can any small business offer a 401(k)?

Yes. Even solo owners and firms with one or two employees can establish a plan.