Estimate Your Secure 2.0 Tax Credits

New retirement mandates are coming for Hawaii employers in 2026. See how much your business could save with federal tax credits by starting a 401(k) plan now.

Retirement Tax Credit Calculator

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Why Smart Employers Are Acting Now on Retirement Plans

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What is Hawaii’s Upcoming Retirement Mandate?

Starting in mid-2026, most Hawaii employers will be required to offer a retirement plan or face penalties
Acting early may unlock federal tax credits that won’t last forever
Planning ahead helps avoid rushed decisions later

Why This Matters Now

  • Mandate expected to begin in mid-2026
  • Early action = more flexibility + potential savings
  • HR guidance helps ensure compliance as rules evolve

*Estimates are based on current SECURE Act 2.0 guidelines and information provided. The calculator assumes the following and actual credits may vary.

  • The business is establishing a new qualified retirement plan.
  • The business has not sponsored a retirement plan within the prior three years.
  • The business has 100 or fewer employees to qualify for credits (unless otherwise indicated in results).
  • Employees earning $100,000 or less are treated as eligible non-highly compensated employees (NHCEs) for purposes of estimating contribution-related credits.
  • Employees above the IRS highly compensated employee threshold do not count toward startup credit caps or employer contribution credit calculations.
  • Startup and administration costs remain consistent during the first three years.
  • Employer contributions, if selected, will be $800 per employee and remain consistent annually.
  • The business is not part of a controlled group or affiliated service group.
  • Aggregation rules and ownership attribution rules are not modeled.
  • All statutory caps, annual limits, and phase-outs apply.

*This estimator is provided for illustrative and informational purposes only and does not constitute tax, legal, or financial advice. Actual eligibility for SECURE 2.0 tax credits depends on IRS rules and individual business circumstances, including but not limited to total employee count, ownership structure, prior retirement plan sponsorship, controlled group or affiliated service group status, final plan design, IRS definitions of highly compensated and non-highly compensated employees, and statutory limits and phase-outs. Only eligible non-highly compensated employees (NHCEs), as defined under Internal Revenue Code Section 414(q), are counted for certain tax credit calculations. Highly compensated employees do not count toward startup credit caps or employer contribution credit amounts. Businesses with more than 100 employees are generally not eligible for these federal tax credits. Tax laws and guidance may change.

ProService Hawaii does not provide tax or legal advice. Users should consult their tax advisor regarding eligibility and actual credit amounts.