It’s not easy for your employees to achieve financial well being in today’s world. That’s why surveys consistently show that next to health benefits, employee retirement plans are the most effective benefits an employer can offer to attract, build and retain a happy, productive workforce.
Types of 401(k) Plans we will assist you in setting up and mainting:
- Traditional 401k
- Safe Habor 401k
- Profit Sharing 401k
- Roth 401k
How 401(k) Plans work:
- The employee determines a set amount to have set aside into his or her 401(k) account.
- The employer usually offers a variety of different investment options (stocks, bonds, money market investments, or a mix of these), in which the employee will choose from to fund the account.
- While there are annual contribution limits, the employer may choose to match a portion of the employee’s contribution.