Small Business Retirement Plans
We help business owners design and oversee retirement plans for themselves and their employees.
Services may include:
- Solo 401(k) setup
- Small business 401(k) consulting
- Provider and recordkeeper benchmarking
- Investment menu design
- Investment Policy Statement (IPS) creation
- ERISA 3(21) fiduciary investment recommendations
- Participant education
- Coordination with accountants and plan administrators
Review your small business retirement planning strategy.
Retirement Plan Pricing
Pricing varies based on company size and complexity.
Solo 401(k)
Plan setup and consultation
$750 – $1,500
If Sona Wealth manages the investments within the plan, standard investment advisory fees apply.
Small Business 401(k)
Plan setup and consultation
| Number of Employees | Plan Setup Cost |
|---|---|
| 3–10 employees | $1,500 – $3,000 |
| 10–25 employees | $2,500 – $5,000 |
| 25–50 employees | $4,000 – $7,500 |
Ongoing Fiduciary Investment Consulting (3(21))
Plan setup and consultation
| Number of Employees | Plan Setup Cost |
|---|---|
| 10 employees or fewer | $2,400 – $6,000 annually |
| 10–25 employees | $4,000 – $10,000 annually |
| 25–50 employees | $7,500 – $15,000 annually |
Investment Management
When Sona Wealth manages retirement plan investments or participant accounts, advisory fees follow the firm’s standard investment management fee schedule based on assets under management.
Fees may be negotiable depending on account size, complexity, and overall client relationship.
Retirement plan assets may be held with a qualified custodian or platform selected based on the client’s needs and plan design.
Who This Is For
This service is typically a good fit for:
business owners with 1–50 employees
professional practices
entrepreneurs preparing for retirement or exit planning
business owners seeking tax-efficient retirement strategies
Schedule a Business Owner Consultation
Review your retirement plan options, and long-term exit strategy.
✅ Retirement plan options
✅ Long-term strategy