Feature The benefit to you and your employees

Eligibility

ImmediateWith Intuit 401(k)'s online signup and enrollment process, we can get you set up fast and get your plan in place so you and your employees can start saving for retirement and reducing income taxes as quickly as possible.

Employer contribution

OptionalYou can contribute to an employees’ 401(k) account. Your contributions are tax-deductible and can be made through safe harbor or profit-sharing options.

Safe harbor

OptionalIntuit 401(k) allows you to make tax-deductible contributions to your employees’ accounts. If you do, the IRS requires the contribution to be held in a safe harbor. Safe harbor means the funds you contribute are fully vested at the time of deposit.
More about safe harbor

Safe harbor contributions exempt your plan from non-discrimination testing and allow your highly compensated employees to make the maximum contribution to the plan, even if other employees don't.

Disclaimer: 2012 contribution limit tax-deferred into a 401(k) plan ($17,000 for 2012, plus $5,500 catch up for those age 50+)

Profit-sharing

OptionalIntuit 401(k) allows you to make tax-deductible profit-sharing contributions on behalf of your employees. Contributions must be based on the same percentage of pay for all eligible participants in the plan. You have the option to contribute to your employees’ 401(k).

Access to 401(k) contributions

ImmediateUnlike other 401(k) plans, with Intuit 401(k) there is no waiting period to be fully vested.

Loans

AllowedIf you’re in a jam and need a short-term loan, you and your employees can borrow directly from individual Intuit 401(k) accounts.2

In-service withdrawals

AllowedIntuit 401(k) permits penalty-free in-service withdrawals.3

Intuit 401(k) Plan Sponsor: Employer

As an Intuit 401(k) Plan Sponsor, you get:

  • IRS-approved plan document with 401(k) and profit-sharing plan features
  • Password-protected Plan Sponsor website
  • Required compliance testing done for you
  • Daily valuation recordkeeping
  • IRS Forms 1099 and 5500 prepared for you
  • Investment options selected by the experts at Morningstar1
  • Optional employer contributions
Intuit 401(k) Plan Participant: Employees

As Plan Participants, you and your employees get:

  • Choice of Morningstar-selected funds based on investment preferences
  • Online enrollment meeting
  • ERISA-compliant investment education on the benefits of a 401(k)
  • Password-protected Plan Participant website for online access
  • Loan provision
  • Immediate eligibility

Intuit 401(k) plan website for employees.

Our secure online portal allows your employees to easily manage their retirement plans without coming to you. Here’s how it works:

Plan Participant website: Home screen Plan Participant website: Home screen Plan Participant website: Home screen

©2011 Morningstar Investment Services, Inc. All rights reserved. The Morningstar name and logo are registered marks of Morningstar, Inc.

1 Morningstar Managed Plan Solutions is offered by Morningstar Investment Services, Inc., a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., and is intended for citizens or legal residents of the United States or its territories. All investment advisory services available with respect to Intuit 401(k) are provided by Morningstar Investment Services, Inc.

Morningstar, Inc. and/or its subsidiaries are not affiliated with Intuit, Inc. or its affiliates.

2 Some restrictions and fees may apply.

3 If the active employee is 59 ½ years or older at the time of withdrawal.