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Customer Success: Space Interiors, LLC

ShareBuilder makes it incredibly easy to create a 401(k). Our plan offers all the benefits of the 401(k) without the hassles.”

— Tom Niemeier, CEO

Challenge

  • Recruit and retain professionals accustomed to having a 401(k) plan
  • Offer “large firm” benefits without having HR staff to manage them
  • Have the flexibility to expand 401(k) plan as company grows
  • Maximize tax-shelter opportunity for owner

Solution

  • Selected ShareBuilder’s PLAN4TEN 401(k) solution
  • Enrolled and set up company plan within 15 minutes
  • Implemented 3% nonelective contribution to maximize owner’s tax shelter
  • Employees leveraged site tools to find the investment options that meet their goals

Result

  • 100% employee participation in a matter of weeks
  • Plan “runs itself” — no paperwork to deal with
  • Can seamlessly transition to PLAN4MOST as company grows
  • Owner has ability to shelter up to $44,000 annually
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St. Louis-based Space Interiors takes a holistic approach to each of its clients’ architectural and design projects. With a unique strategy of recruiting only expert and award-winning professionals, owner Tom Niemeier has overseen the firm’s rapid growth to ten employees in less than three years.

It’s been exactly what I was hoping for. A low-cost plan that once it’s set up, it runs itself. I don’t have to think about it and that’s great, because I don’t have time to think about it.”

“I can’t tell you how excited I was to walk out and tell my employees, ‘Guess what? We have 401(k)!’”

— Tom Niemeier, CEO
Business owners establishing their first 401(k) plan are eligible for a $500 business tax credit for the first three years — a $1,500 savings!
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