Employer 401(k) Advice · Rhode Island
Ahead of RISavers, a Plan That Fits Your Team
Rhode Island's RISavers program asks private employers with five or more employees in the state to offer a qualified retirement plan or enroll in the state program. It is being phased in by company size, with larger employers first.
If you are deciding between the state program and a plan of your own, or you already have a plan and want to know whether it is a good one, we can help.
What We Do
401(k) Plan Advice for Rhode Island Employers
-
01
Plan Design & Setup
Safe harbor, traditional, Roth and profit-sharing options, coordinated with your recordkeeper and plan administrator.
-
02
Fiduciary Support
We help document how investments are selected and monitored, and how fees are reviewed.
-
03
Fee Benchmarking
A side-by-side look at what your plan costs, with no charge and no obligation.
-
04
Employee Education
Enrollment meetings, group sessions and one-on-one conversations for your team.
Local Considerations
What Rhode Island Employers Often Ask About
-
01
RISavers and the 401(k) exemption
Employers with five or more Rhode Island employees that do not offer a qualified plan are expected to register for RISavers. Employers that offer a 401(k), 403(b), SEP, SIMPLE or similar plan are exempt. If you enroll in RISavers and later adopt a qualified plan, you can ask to unregister. Check the Treasury site for your phase-in date.
-
02
State program or your own plan
A state program is simple, but employer contributions are not part of it and IRA limits are lower than 401(k) limits. A 401(k) allows matching and profit-sharing contributions. We help you compare cost against what each option does for employees.
-
03
Employees who work in Rhode Island
RISavers counts employees who perform services in Rhode Island. If you have staff in several states, each state's rules may apply, so it helps to map your headcount by state before you decide.
-
04
Healthcare, education and hospitality employers
Rhode Island has many employers in healthcare, education, hospitality and manufacturing, often with seasonal or part-time staff. Federal rules extend 401(k) eligibility to long-term part-time employees, and plan design can account for that.
Free Guide · 7 pages
Starting a 401(k) Under SECURE 2.0
Plan types, 2026 contribution limits, the federal tax credits for small employers, the new automatic enrollment rules and a typical setup timeline.
Common Questions
Questions Rhode Island Employers Ask
Employers that offer a qualified plan are exempt. Confirm the details on the Treasury's RISavers site.
You can request to unregister once you adopt a qualified plan. Tell your employees what is changing.
Often not. We can frequently serve as your plan's investment adviser alongside an independent third-party administrator without moving assets.
Our office is in Boston, close by. We work with Rhode Island employers by video and phone, and in person by arrangement.
Prefer to Talk It Through?
Request a Complimentary Plan Review
Send us your plan's most recent fee disclosure and we will review its costs, investments and structure, then explain what we find in plain terms. No cost and no obligation.
This page is general information about 401(k) plans for Rhode Island employers. It is not individualized investment, tax or legal advice, and is not an offer to buy or sell any security. State retirement-program rules change; confirm current requirements with your state's program and your legal and tax advisors. Radius Wealth Management LLC provides individualized advice to residents of a state only where permitted. Our office is at 1 Marina Park Drive #1410, Boston, MA 02210.