RetireReadyNJ vs. Guideline 401(k)

Meet New Jersey’s retirement plan mandate with an all-in-one 401(k) and live support.1

Phone icon

Leave your email or give us a call to get started (888) 228-3491 .

See our Privacy Policy to learn how we use and protect your information.

50K+

businesses2

1M+

savers3

93%

customer satisfaction score4

Forbes Logo

Fintech 505

The mandate in a nutshell

The RetireReadyNJ program was established in 2024. It requires New Jersey employers with 25+ employees to offer the state-sponsored plan or a qualified alternative like a Guideline 401(k).6 Compare your options

  • 40+ employees

    September 15, 2024

  • 25-39 employees

    November 15, 2024

Meet the mandate and more with a Guideline 401(k)

  • Magnifying glass with check mark inside, simple icon.

    20-minute setup

    Guideline will help you set up a 401(k) and enroll your employees for you. With RetireReadyNJ, you may have to do extra work on behalf of your employees during setup.

  • Lightening bolt simple icon.

    Seamless administration

    We’ll automatically deduct 401(k) contributions each pay run. With RetireReadyNJ, you may need to manually send payroll contributions, maintain employee records, and more.

  • Two hands shaking simple icon.

    Fast, live support

    We have your back — you and your team get access to fast, live support via phone and email. Our annual plan sponsor customer satisfaction score is 93%.4

Get back up to $16,500 in tax credits on your new 401(k).7

See if you’re eligible

Compare RetireReadyNJ with Guideline Starter

Guideline logo
RetireReadyNJ
  • Retirement plan type

    Starter 401(k)

    Roth IRA

  • Maximum employee contributions for 20248

    $6,000

    $7,000

  • Employee asset-based fee

    0.15%9

    0.75%10

  • Additional active employee fees

    None

    None

  • Monthly employer fee

    $39 / month + $4 per participant

    None

  • Investment options11

    40

    19

    (Including Target Date Funds)

  • Professionally managed portfolios11

    6

    0

  • Exempt from IRS testing

    Yes

    Yes

  • Employer match

    No

    No

  • Plan sponsor satisfaction score12

    93%

    Not listed

Custom integrations. Quick resolutions.

All of our payroll integrations are direct and custom built — we don’t use 3rd party software to sync data. Data syncs every 24 hours with 99% accuracy.13 See all payroll integrations

  • and more
  • and more

Investments are our responsibility11

Just like with the state offering, you won’t be responsible for investment option choices. We’ll serve as the ERISA 3(38) fiduciary which means we’re responsible for selecting and managing all investment options — our goal is to reduce your liability and provide you with peace of mind.11 Learn more

Calculator

Estimate your plan costs

Your company could be eligible to receive up to $16,500 in tax credits over the plan’s first three years to help offset initial plan costs.7

John M.Trinity Physical Therapy and Performance
Guideline's ease of use makes it the perfect product for our small business.Client of Guideline. Views may not be representative of other clients.

Get a retirement plan you and your team will love

See our Privacy Policy to learn how we use and protect your information.

Prefer to chat?

  • Phone icon

    (888) 228-3491

    9am - 7pm ET, Mon - Fri

RetireReadyNJ FAQs

What is the mandate?

The RetireReadyNJ was created to encourage more people to save for retirement. It requires New Jersey employers with 25 or more employees to provide access to a retirement plan. The plan can either be a private plan like a 401(k) or the state-sponsored plan.

When does the mandate take effect?

For companies with 40+ employees, the deadline is September 15, 2024.

For companies with 25-39 employees, the deadline is November 15, 2024.

Which employers are impacted by the retirement mandate?

You are eligible to participate in the RetireReadyNJ Program if:

  • Your business is registered to conduct business in the state of New Jersey
  • You have at least twenty five New Jersey based employees
  • Your employees must be 18 years old to enroll in RetireReadyNJ
  • You don’t currently offer a qualified retirement savings program to your employees

Does Guideline satisfy the retirement mandate?

Yes. All of Guideline's 401(k) plans are designed to satisfy state program requirements and are priced to be affordable for businesses of all sizes.

Can I move from Guideline Starter to a standard 401(k)?

While it is possible for a plan to convert from a Starter 401(k) to a standard 401(k) plan at Guideline, the transition cannot take place until the beginning of the next calendar year. Learn more here.