How you can use Crecer as a quick and easy way to offer retirement plans to your employees with no fees charged to your business

TL;DR: Create a retirement plan for your business without having to pay any fees to a retirement plan provider

Many small business owners don’t have the resources to offer retirement plans to their employees because of the added expense and administrative work required to offer employer sponsored retirement plans. Crecer offers a service that addresses these challenges:

• Fast Onboarding: Setup each employee’s account within a few minutes

• Easy to use: User friendly administrative dashboard

• No fees charged: Crecer does not charge any fees to the employer

• Low ongoing maintenance: Little to no ongoing administrative work after initial setup

The core challenge: Employer retirement plans are expensive and require a lot of administrative work

How Crecer Solves these challenges

No fees charged to business

Crecer allows business owners to offer Traditional and Roth IRAs to their employees at no charge to the business. Employees can decide how much they want to contribute to their retirement account directly from their paycheck.

Business owners are not required to contribute to the employee’s retirement account, but can do so if they would like (for example, adding a bonus to the employee’s Crecer retirement account).

Crecer charges a $5 monthly account fee¹ to the employee.

Easy to use employer administrative dashboard

The Crecer employer administrative dashboard is intuitive and easy to use. It has a user-friendly interface and doesn’t require any training. 

There is no ongoing employer-sponsored plan administrative reporting required for the employer since each employee is offered a personal Traditional or Roth IRA.

If the employee leaves or is terminated the employer generally does not need to take additional action with respect to the employee’s Crecer account. The employee will still have direct access to their Crecer retirement account.

Fast self-service setup

Quickly create your Employer administrative account and set up each employee’s retirement account in just a few minutes.

Once each employee’s account has been set up in your payroll system the employee’s contributions to their retirement account will be automatically processed each pay period.

There is no set up fee.

If your accountant or bookkeeper manages your payroll we can work directly with them to set up your company’s account.

Offer retirement accounts to your employees in 3 steps

Step 1: Create a Crecer Employer administrative account: https://crecer.app/employer/signup

Step 2: Add each employee’s information in the Crecer administrative dashboard. If you have a large number of employees our team can work with you to upload a csv file from your payroll system.

Step 3: After each employee elects how much of their paycheck they want to contribute to their retirement account, follow the instructions in the administrative dashboard to set up the employee’s direct deposit in your payroll system. Crecer can be set up with any payroll system.

Conclusion: Crecer makes it fast and easy for business owners to offer employees retirement plans at no charge to the business.