What is a 401(k) Plan?
401(k) refers to the section of the tax code that makes this
type of retirement savings possible. It allows employees to save
for retirement by reducing their current earnings on a pre-federal
and, in most states, pre-state tax basis.
Time
Savings
Our 401(k) services give you back wasted
time spent on administrative and compliance issues. Using
the payroll and retirement plan data you provide, we'll
administer those tasks for you. Evaluate the time it takes
you to administer this program from your average day and
see the savings.
|
|
| 401(k) Benefits |
 |
Plan contributions made with
pre-tax dollars lowers tax bracket for employees |
|
Tax-deferred contributions benefit
from compounding interest while maturing in the protection
of the plan |
|
401(k) plans can play a significant
role in recruiting key employees and helps build retention |
|
Employers may provide matching
or partial funds to employees through a 401(k) plan
to increase participation and increase key staff longevity |
|
Offers employers tax advantages
- plan contributions and costs can be deducted as business
expenses on corporate tax returns |
|
|
